All Regions and All Sectors

While the Covid-19 pandemic and conflict in Ethiopia have impacted the regional economic environment in the short term, the government is moving ahead with longer-term development ambitions. Indeed, most of the ongoing economic reforms and infrastructure construction under way are part of the country’s economic and diversification development strategy, Djibouti Vision 2035. The government began to…

Long viewed as a barrier to market development and fiscal sustainability, a dynamic informal economy is increasingly being recognised as an important source of resilience and a target for financial technology (fintech) services. The informal economy accounts for approximately one-third of economic activity in emerging markets, compared to 15% in more mature markets, underscoring its outsized impact.…

To extend the benefits of economic growth to a larger proportion of the population, Djibouti is relying on expanding the use of IT across the public and private sectors. In addition to improving the competitiveness of small and medium-sized enterprises, an increase in IT adoption is viewed by the authorities as a way to reduce youth unemployment. Under Djibouti Vision 2035, the country’s longterm…

Although economies in Africa faced uncertainty in 2022 as economic and global shocks weighed on the post-Covid-19 pandemic recovery, intraregional trade and climate finance initiatives are helping chart a course towards more sustainable development. Growth is projected to remain moderate at 3.8% in 2023 and increase to 4.1% in 2024, according to the IMF’s regional economic outlook for sub-Saharan…

Djibouti has a long relationship with China due to its location at the mouth of the Red Sea, which positions it as an important centre for international maritime trade. This was noted by Xue Bing, China’s special envoy for the Horn of Africa, during the Horn of Africa Peace conference held in Addis Ababa, Ethiopia, in June 2022, during which China reasserted its commitment to working with its regional…