Djibouti’s geographic position and arid climate have made water access intrinsically difficult. The challenges are more clearly visible in rural areas, where communities dependent on small agricultural activity and husbandry have trouble securing sufficient water resources. However, several projects are under way to improve water access across...
Although it remains a relatively small market with only two players, insurance in Djibouti continues to align with economic development. Most of the sector’s business is driven by the automotive line; however, new economic activities are expanding the market’s offerings. International cooperation with Djibouti’s neighbours has improved, as...
With the aim of growing its influence in geopolitics and trade, China has been channelling financing into new infrastructure projects across Africa. As part of this, the east of the continent and the countries that make up the Horn of Africa have taken up an increasing role in the Asian country’s long-term plans. Sectors such as transport and...
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Djibouti’s economic growth, based to a large degree on capital investment in infrastructure development and logistics, has been underscoring the expansion of its banking system. Since liberalisation of the sector in 2006 a number of new financial institutions have set up shop in the country, hoping to take advantage of its growing role as a...
Djibouti’s GDP growth of 6.7% in 2017 was primarily due to government efforts to overhaul the economy under the auspices of its flagship national development blueprint, Djibouti Vision 2035. The plan’s aim is to transform the country into a middle-income economy, as well as a regional transport and logistics hub, and it seems to have been...
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