AGP Executive Report
Last update: 3 hours agoMaritime Security: Pirates hijacked the Iranian fishing vessel Azini off Puntland, taking 23 crew members. The ship may be used as a mothership, raising risks for commercial shipping; President Hassan Sheikh Mohamud has called for international support to secure Somalia’s coastline. Export Access: Somali businesses can sell qualifying goods in the EU duty- and quota-free under the bloc’s Everything But Arms scheme. The access is not a new trade deal, and exporters must still meet EU standards. Currency and Banking: Somalia’s Finance Ministry says national currency will be printed soon, while the Senate has begun reviewing amendments to the Central Bank Law. The proposed changes are part of efforts to strengthen the country’s financial system.
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