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Interview

To each their own: Mohamed Aramis, Minister of Decentralisation, on the equitable distribution of autonomies as a means and an end
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What measures are actively being taken to support the decentralisation of the state? ARAMIS: It must first be recalled that decentralisation derives its legal status from the constitution, which outlines as a principle the free administration of territorial collectivities, endowed with legal personality, as well as administrative and financial autonomies. These constitutional principles were…
Interview

Power potential: Yonis Ali Guedi, Minister of Energy and Natural Resources, on domestic opportunities and renewable energy
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How does Djibouti’s energy and natural resources policy support its economic development? GUEDI: Djibouti’s energy policy strongly promotes foreign direct investment, mainly through a modernised legal and institutional framework. This framework not only aims to foster a liberalised energy sector, but also facilitates the goal to become the first African nation to attain 100% renewable energy…
Interview

Positive evolution: Youssouf Moussa Dawaleh, President, Chamber of Commerce of Djibouti (Chambre de Commerce de Djibouti, CCD), on prospects for local industry and investing in human resources
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What do you consider to be the main challenges faced by industry players in Djibouti? DAWALEH: The problem of industrialisation has always been at the heart of discussions when it comes to the economic development of Djibouti, as well as its dependence on other countries in meeting industry demands. If we consider the distribution of value added by sector, industry represents only a small percentage.…
Interview

Shared success: President Ismaïl Omar Guelleh, on economic evolution and building lasting relationships
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What strategy is Djibouti adopting to diversify its investment portfolio over the long term? GUELLEH: Our country benefits from a very particular geostrategic situation. We are backed by a hinterland of landlocked countries that runs from Ethiopia to the countries surrounding the African Great Lakes, namely Burundi, the Democratic Republic of Congo, Rwanda, Uganda, Tanzania and Kenya. We are…
Viewpoint

Mélanie Guérinot, Lawyer and Managing Director, Cabinet Guérinot: Viewpoint
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Viewpoint:Mélanie Guérinot On November 8 2017 the National Assembly adopted the Law No. 202/AN/17/7th on strategic infrastructure contracts. The law gives the government the power to renegotiate or, if necessary, terminate infrastructure contracts when it considers that they are contrary to Djibouti’s fundamental economic and social interests. This law also applies to contracts signed prior…
Viewpoint

Ramiss Houmed, Managing Director and Owner, HLB Djibouti: Viewpoint
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Viewpoint:Ramiss Houmed Looking at the multitude of reforms under way to transform the business environment and the arrival of investments, particularly for ports and transport infrastructure, it is clear that Djibouti is experiencing an economic transition. This transformation is part of a desire to positively and quickly impact growth, a process that is already quite advanced. Coupled with…
Viewpoint

Fruitful partnership: Tibor Nagy, Assistant Secretary, Bureau of African Affairs, US Department of State, on US-Djibouti cooperation
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Africa is at a crucial crossroads, and the direction it takes in the next few years will have a major impact – for good or for ill – not only on the continent, but globally. Djibouti is a nexus for political, trade, development and security issues in the Horn of Africa and it will play a critical role in shaping regional dynamics in coming years. The US and Djibouti share a long-term partnership…
Viewpoint

Trade and technology: Christine Lagarde, Managing Director, IMF, on strategic avenues to boost inclusive growth
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Trade and technology are at the heart of Djibouti’s development strategy, Vision 2035. Djibouti can lead the way by transforming itself into a regional hub for trade and logistics, and by drawing on the experiences of other port-based economies. The goal is to become a middle-income country, where the benefits of economic growth are shared by all citizens. That is why Djibouti has been investing…
Analysis

Djibouti's cultural sites, natural attractions and long-standing stability increase its tourism potential

Posted OBG AdminPosted in Uncategorized

As the first African city to be named the World Capital of Culture and Tourism by the European Council on Tourism and Trade (ECTT) in April 2018, Djibouti City is increasingly on the radar of travellers. Djibouti’s win is not only due to its natural landscapes and marine ecosystems, but also to the concerted marketing efforts that have promoted it as a destination. The ECTT distinction is…
Analysis

Legislative reform and low-income housing construction initiatives in Djibouti to attract greater private investment

Posted OBG AdminPosted in Uncategorized

Several social housing projects have been launched in Djibouti as the country looks to accelerate construction and attract more private investment to meet rising demand. In early July 2018 President Ismaïl Omar Guelleh laid the first stone for the construction of 1000 low-income housing units in Balbala, a southern suburb of Djibouti City. The project, funded by China Merchants Holding, was…