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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...

How can Djibouti’s banking sector further support incoming foreign investment?

 

As Djibouti expands its transport network and attempts to diversify its economy, a revamping of the energy sector has become a prerequisite for future growth. The country has long been dependent on energy imports to balance its insufficient domestic generation; however, it is now looking to completely transition its electricity production...

 

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...

 

A key entryway to the Horn of Africa, Djibouti’s strategic location at the confluence of the Red Sea and the Indian Ocean, combined with its historic links to Europe, the Arabian Peninsula, East Africa and Asia, make it a unique crossroads for international culture and trade. A country of diverse traditions and landscapes, Djibouti is very...

 

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...

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