AGP Executive Report
Last update: 12 hours agoPublic Finances: Samoa held more than SAT$500 million in cash reserves for a third straight year and posted a SAT$149.6 million surplus in 2025/26, even as the economy contracted 1.6% and revenue declined. Investment and Returns: Kontiki Finance will pay shareholders 8 cents per share for 2026, lifting its total dividend payout 14%; the group said its Samoa operations contributed positively. Agriculture: Simon Baete is the new permanent secretary for Agriculture and Livestock Development. He led technical work on the sector’s 2026–2030 development plan. Climate Funding: Samoa is among 14 Pacific countries covered by a regional resilience programme combining a US$250 million Green Climate Fund grant with about US$809 million in Asian Development Bank financing. Renewable Energy: A new study of 11 islands, including Apolima, finds the main hurdles to high renewable power are often social, political and organisational, rather than technological.
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