Benefiting from several years of consistent macroeconomic stability and the roll out of more business-friendly regulation, Djibouti has attracted a rising amount of investment – equivalent to as much as 52% of GDP – with the vast majority directed towards capital projects. This in turn is having a noticeable impact on Djibouti’s construction sector. Urban renovation programs in the cities,...
Djibouti has witnessed a steady expansion in opportunities for telecommunications investment, mostly due to increasing consumption and regional demand for high-bandwidth international connectivity. Over the past two years more than $100m has been invested in gateway connections, with the country now linked to six submarine data cables. These capital expenditures are in line with government...
Given Djibouti’s economic reliance on international trade, manufacturing industries have traditionally played a secondary role in the country’s economic development. However, authorities are now looking to drive their expansion as a means to cut unemployment, and foster more sustained and inclusive economic growth. As the gateway to East Africa, Djibouti is well positioned to supply...
Although Djibouti benefits from an array of renewable resources, the country was a net energy importer as of early 2016 and has set itself some ambitious goals to improve domestic supplies. The energy sector is a key element of the country’s long-term development plan, known as Djibouti Vision 2035, which identifies energy access and security for its 875,000-strong population as strategic...
Thanks to Djibouti’s fortuitous positioning between East Africa and the Middle East, on a key trade route between Asia and Europe, the country has long played a central role in regional trading. This has translated into a dynamic transport sector and significant GDP growth rates since the mid-2000s. In order to take its geographic advantages to the next level; however, Djibouti will need to...
On the back of a rise in both capital investment and transport activity, Djibouti’s banking sector has seen considerable expansion in recent years. The most visible change has been the growing number of players in the market, which has led to an increase in competitiveness, and the expansion of products and services targeting local clients. The increasingly robust regulatory role being adopted...
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