Souhir Mzali: ALL BLOG POSTS
Like many of its African peers, Djibouti has recorded robust economic growth in recent years, with its GDP expanding by 6.7% in 2017. This positive performance is largely a result of initiatives in line with Djibouti Vision 2035, the national development plan aimed at transforming the country into a middle-income economy, as well as a regional transport and logistics hub. In our inaugural Oxford Business Group Business Barometer: Djibouti CEO Survey, 68% of the 40 C-level executives surveyed believe Djibouti Vision 2035 will be successful or very successful in achieving its goals.
Like many of its African peers, Djibouti’s economy has performed positively in recent years, with GDP growing by 6.7% in 2017.
Although the local economy has continued to recover from the negative impacts of the oil price shock of 2014 and the 2016 recession, more remains to be done to achieve economic diversification. The results of our second Business Barometer: Nigeria CEO Survey show increased confidence among C-suite executives, with 85% expressing positive or very positive expectations of local business conditions in 2018. Nevertheless, the economy remains over-reliant on the export of hydrocarbons, with 82% of interviewees citing a rise in oil prices as the top external event that could impact the Nigerian economy in the short to medium term.