Djibouti

The state of Djibouti has a profound attachment to democratic values and refers to this attachment in its first constitution, adapted on the September 4, 1992. The constitution, adopted via referendum by the citizens of Djibouti, integrates the stipulations of the Universal Declaration of Human Rights and the African Charter on Human and...

Until 2009, Djibouti’s tax system was based on separate codes that dealt with direct and indirect taxation. In that year, however, value-added tax (VAT) was introduced, and these different codes were bundled in one single document, known as the General Tax Code (GTC). Unfortunately, due to changes to financial legislation, the GTC has not been...

With the goal of attracting half a million visitors by 2030, Djibouti’s tourism sector has set some ambitious goals in place. The industry is slated to play a key role in the government’s economic development strategy, Vision 2035, which looks to leverage the role of tourism as a job creator and foreign exchange earner in line with broader...

Attracting 500,000 visitors annually by 2030 will necessitate infrastructural and capital improvements across the board, alongside a significant increase in current spending on promotional campaigns. As a result, the financing requirements are sizable. However, with the country already devoting a large portion of its budget to upgrades focused...

As Djibouti executes its $14bn infrastructure development plan, securing the necessary building materials has become a crucial necessity for construction companies and suppliers.

As the Djiboutian economy continues to post high headline growth rates, the lion’s share of attention is going towards the large volumes of capital funding for a spate of new infrastructure projects. However, the government is also working to devote an increasing amount of public resources and attention to the development of adequate housing...