AGP Executive Report
Last update: 10 hours agoTrade: Djibouti and Egypt signed a protocol to widen market access and encourage investment, with pharmaceuticals, food, fertilisers and engineering goods among the sectors targeted. The deal also aims to make better use of COMESA and AfCFTA trade frameworks. Development Finance: The Islamic Development Bank has approved more than $2.3 billion in financing for Djibouti. Its chairman urged progress on the Biidley Airport project and said a new five-year partnership strategy is being prepared. Shipping: Rising costs amid Red Sea disruptions are adding pressure to Djibouti’s ports, underscoring the economic stakes of instability along the main maritime corridor. Tourism: Djibouti and Egypt also agreed to cooperate on tourism marketing, investment and hospitality training, and are considering a city partnership between Djibouti City and Sharm El-Sheikh.
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