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 welcomed by the local business community. In the…
Like many of its African peers, Djibouti’s economy has performed positively in recent years, with GDP growing by 6.7% in 2017. The country owes this performance primarily to government efforts since 2014 to overhaul the economy, mainly via its flagship national development blueprint, Djibouti Vision 2035. The plan’s overarching aim is to transform the country into a middle-income economy, as…
Situated on the Horn of Africa at the entrance of the Red Sea on the strait of Bab el Mandeb and overlooking routes linking Europe, Africa, the Middle East and Asia, Djibouti aims to further leverage its unique location among important routes of commerce to become an international trade hub. The country hopes to maintain the stable economic growth it has seen by investing in new transport infrastructure,…
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 towards domestic renewable energy. Under the Djibouti…
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 investment have emerged, further reducing the effective…
The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel. According to Boeing, commercial airlines experienced annual…
Djibouti, a small East African country of about 900,000 people that has few natural resources, relies heavily on international trade for both basic needs and industry inputs. Economic activity in the country is dominated by the tertiary sector – representing roughly 80% of GDP – while the primary sector remains underdeveloped due to an unfavourable natural climate and geography. However,…
A small country maintaining good relations with both of its neighbours and a range of global powers, Djibouti is often referred to as an island of stability in a sometimes-troubled region. Despite domestic challenges related to the country’s economic and infrastructural development, political life has been relatively peaceful in recent years, with strong continuity in government and economic…
Decades of growth in trade and foreign investment have seen global economies become more interconnected than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment, at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and political integration, have broadly proceeded in a single…
Interview:Moustapha Mohamed Mahamoud What effects from the education reform programme have been observed thus far? MOUSTAPHA MOHAMEDMAHAMOUD: Since 2000 the education system has undergone profound changes to establish a more solid foundation. This was a long-term task that included creating a teaching system adapted to the local culture and history. In this process, we preserved…
