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Diversification key to expansion of Djibouti's energy sector
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Benefitting from an array of renewable resources, Djibouti is currently a net energy importer as of early 2016, but has set itself some ambitious goals to improve domestic supplies. The energy sector is a key piece of the country’s long-term development plan, known as Vision 2035, which identifies energy access and energy security for its 850,000 strong population as strategic goals and central to…

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Investment and reform to expand role of industry in Djibouti
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Given Djibouti’s economic reliance on international trade and the scarcity of natural resources, manufacturing industries have always played a secondary role in the country’s economic development. However, authorities are now looking to boost their development as a means to cut unemployment and foster more sustained and inclusive economic growth. Sector Size In line with many emerging markets…

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Djibouti to utilise geostrategic location to develop ICT connectivity hub
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Although it only has a population of 850,000, Djibouti has nonetheless seen a steady expansion in opportunities for telecommunications investment. This is mostly due to increasing consumption and regional demand for high-bandwidth international connectivity. While the sector remains largely under the purview of a single publicly-owned operator, Djibouti Telecom, it has seen sustained investment in…

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Infrastructure development across Djibouti boosts construction
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Benefitting from several years of consistent macroeconomic stability and the roll-out of greater business-friendly regulation, Djibouti has attracted a rising amount of investment – equivalent to as much as 52% of GDP – with the vast majority of it being directed towards capital projects. This in turn is having a noticeable impact on Djibouti’s construction sector. Urban renovation projects…

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Real estate reforms should boost affordable housing in Djibouti
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As the Djiboutian economy continues to post high headline growth rates, the lion’s share of attention is going towards the large volumes of capital funding for a spate of new infrastructure projects. However, the government is also working to devote an increasing amount of public resources and attention to the development of adequate housing solutions. Not only is this being done to help with the…

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Djibouti's enormous tourism potential attracting more attention
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With the goal of attracting half a million visitors by 2030, Djibouti’s tourism sector has set some ambitious goals in place. The industry is slated to play a key role in the government’s economic development strategy, Vision 2035, which looks to leverage the role of tourism as a job creator and foreign exchange earner in line with broader economic diversification efforts. There is plenty room…

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A complete guide to Djibouti's tax laws
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Until 2009, Djibouti’s tax system was based on separate codes that dealt with direct and indirect taxation. In that year, however, value-added tax (VAT) was introduced, and these different codes were bundled in one single document, known as the General Tax Code (GTC). Unfortunately, due to changes to financial legislation, the GTC has not been updated since 2011. The bundling of different texts into…

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Examining Djibouti's current legislation
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The state of Djibouti has a profound attachment to democratic values and refers to this attachment in its first constitution, adapted on the September 4, 1992. The constitution, adopted via referendum by the citizens of Djibouti, integrates the stipulations of the Universal Declaration of Human Rights and the African Charter on Human and People’s Rights. It underlines the separation of powers, guarantees…

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Diversity drive: Page 24
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The economy has grown rapidly in recent years upon the back of rising foreign direct investment and the country’s increasingly important role as a centre for regional connectivity. GDP is expected to increase by 6.5% in 2016 and remain steady at an average annual growth rate of 7% between 2017 and 2019. Already established as a global hub, the trade in goods and services accounts for almost 94%…