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The Report: Djibouti 2016

  • ID: 3642775
  • Country Profile
  • Region: Djibouti
  • 152 Pages
  • Oxford Business Group
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A Young and Growing Population, Points to the Strong Potential of the Country


  • Air Djibouti
  • Al-Gamil Group
  • Black Rhino
  • Djibouti Telecom
  • GSK Group
  • GXA Insurance
  • MORE
A small but important country, Djibouti benefits from its highly strategic location. With access to the Gulf of Aden and the Indian Ocean beyond, the country is a significant gateway to the Horn of Africa and the wider region of East Africa.

Economic developments are paving the way for Djibouti to better exploit its geographic position. Through the mobilisation of large-scale investments, authorities are leveraging natural resources, an increasingly business-friendly environment and monetary stability to ensure sustainable growth for decades to come.

Thus far the country has managed to successfully maintain a robust growth rate in spite of turbulence in global markets, including low oil prices, a strong US dollar and the slowing Chinese economy. This bodes well for its near- and medium-term economic outlook.
Note: Product cover images may vary from those shown
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  • Air Djibouti
  • Al-Gamil Group
  • Black Rhino
  • Djibouti Telecom
  • GSK Group
  • GXA Insurance
  • MORE
1. Country Profile
- Natural advantages: The country’s location is key to its prosperity
- Interview: President Ismaïl Omar Guelleh
- Looking ahead: The young nation is developing infrastructure to reach its goal of becoming a key trading hub
- Viewpoint: John Kerry, US Secretary of State
- A central role: Foreign policy targets developing ties with neighbours and global economic powers
- Mutual benefits: Building on the bilateral relationship with Ethiopia will play a key role in securing future prosperity
- "Viewpoint: Mahamoud Ali Youssouf, Minister of Foreign Affairs"
- "Interview: Carlos Lopes, Executive Secretary, UN Economic Commission for Africa"

2. Economy
- Diversity drive: Rising investment levels and improved policies are helping move the economy away from the public sector and transport
- "Interview: Ilyas Moussa Dawaleh, Minister of Economy and Finance"
- "Interview: Mahdi Darrar Obsieh, Director, Djiboutian Investment Promotion Agency"
- Room to trade: New free trade areas set to boost economic growth
- Creating connections: New infrastructure and better regulation to improve trade conditions
- "Dialogue: Hikmat Daoud, Director, National Confederation of Djiboutian Employers; and Djama Aouled, Chairman, Federation of Djiboutian Corporations"
- Balancing act: Rapid expansion must be tempered with prudent decision making.
- Living off land and sea: Plans to develop agriculture and fishing to promote food and employment security
- "Interview: Youssef Dawaleh, President, Chamber of Commerce of Djibouti"

3. Financial Services
- Room to grow: Multiple competitors and improving regulation are helping to drive the sector forward
- Keeping the faith: Islamic finance could help increase banking penetration
- "Interview: Ahmed Osman, Governor, Central Bank of Djibouti"
- Risk and reward: The country’s insurance industry wants a bigger slice of the pie
- "Interview: Jean-Pierre Gianotti, Head, Bankers Association of Djibouti"
- "Interview: Christian Boucher, CEO, GXA Insurance"
- Lending opportunities: Increased competition leads to growing participation

4. Transport & Logistics
- Connecting the country: New transport infrastructure positions Djibouti for trade
- "Interview: Moussa Ahmed Hassan, Minister of Equipment and Transport"
- Good neighbours: A jump in Ethiopia-bound trade increases traffic and prompts reforms
- Docking space: Investment in new port infrastructure continues
- "Interview: Aboubaker Omar Hadi, Chairman, Djibouti Ports and Free Zones Authority"
- Interview: Mario Fulgoni, CEO, Air Djibouti

5. Energy
- Fuel for growth: Diversifying the energy mix with an eye to expansion is central
- Untapped potential: Authorities seek to exploit renewable energy to boost self-sufficiency and competitiveness
- "Interview: Houssein Ahmed Houssein, General Manager, Horizon Djibouti Terminals Limited"
- "Interview: Gregory Meneses, Managing Director, Black Rhino"

6. Industry & Retail
- Expand and upgrade: Investing in key segments and removing bottlenecks to growth promise to expand industry’s role
- "Interview: Ahmed Osman Guelleh, CEO, GSK Group"
- "Interview: Abdoulkarim Al Gamil, Chairman, Al-Gamil Group"
- Retail rethink: With the entrance of larger, formal players, competition in the foodstuff retail market is increasing

7. Telecoms & ICT
- Emerging gateway: The country seeks to leverage its geostrategic location to develop a connectivity hub
- "Interview: Mohamed Assoweh Bouh, Director-General, Djibouti Telecom"

8. Construction & Real Estate
- Building blocks: Countrywide infrastructure development expands construction activities
- Necessary inputs: Securing sufficient amounts of locally produced quality cement can be challenging
- "Interview: Amina Abdi Aden, Secretary of State for Housing"
- Structuring the market: Reforms in legislation should see an increase in affordable housing
- Building a roof: Increased financing incentives in the housing market

9. Tourism
- On the radar: The country’s immense potential is getting more attention
- "Interview: Bertrand Lafrance, Founder, Discover and Aid Nature Wildlife Reserve"
- Chipping in: Private sector participation will be key to funding development

10. Tax
- The bottom line: A comprehensive guide to the country’s tax laws
- "Viewpoint: Felix Emok N’Dolo, Managing Director, JC Colas-Groupe CHD"

11. Legal Framework
- Stepping up: examining current legislation

12. The Guide
- Hotel listings: A place to stay
- Telephone listings: Numbers for ministries, banks, hospitals, tax and legal services
- Facts for visitors: Useful information
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- Air Djibouti
- Al-Gamil Group
- Black Rhino
- Djibouti Telecom
- GSK Group
- GXA Insurance
- JC Colas-Groupe CHD
Note: Product cover images may vary from those shown