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.
- 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"
- 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
- 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
- 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
- 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