Djibouti

In recent decades, the pharmaceutical market has expanded its geographical reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by...

Djibouti’s GDP growth has exceeded 5% in recent years, rising to an estimated 6.8% in 2017, and projected to reach 6.9% in 2018 and 2019. This is driven by continued investment in infrastructure, especially ports, in order to facilitate the transit of goods to and from Ethiopia. The government’s long-term goal is to establish Djibouti as an...

Looking at the multitude of reforms under way to transform the business environment and the arrival of investments, particularly for ports and transport infrastructure, it is clear that Djibouti is experiencing an economic transition. This transformation is part of a desire to positively and quickly impact growth, a process that is already...

Thanks to its privileged geographical position in the Horn of Africa, Djibouti enjoys a number of significant assets and plays a major role as the eastern gateway to the African continent. Its position at the crossroads of Africa, Asia and Europe, reinforced by political stability and social peace, has enabled the country to attract both local...

On November 8 2017 the National Assembly adopted the Law No. 202/AN/17/7th on strategic infrastructure contracts. The law gives the government the power to renegotiate or, if necessary, terminate infrastructure contracts when it considers that they are contrary to Djibouti’s fundamental economic and social interests. This law also applies to...

ETIQUETTE: In business meetings across Djibouti it is customary to exchange greetings and shake hands. However, in some cases women prefer not to shake hands; it is therefore best to wait for an indication from the person herself. Relationship building and creating a network is important in the...