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Interview

Mohamed Assoweh, CEO, Djibouti Telecom: Interview
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Interview: Mohamed Assoweh To what extent has the sector helped accelerate the digital transition of the economy? MOHAMED ASSOWEH: The emergence of a digital economy depends on the strength of the telecommunications sector. A robust infrastructure undergirds the mobilisation of digital services, encompassing computer equipment, consumer electronics and application development, including software and…
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Yonis Ali Guedi, Minister of Energy and Natural Resources: Interview
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Interview:Yonis Ali Guedi To what extent is the goal of 100% renewable electrification by 2035 achievable? YONIS ALI GUEDI: Reaching 100% electrification from renewables by 2035 is achievable, as demonstrated by the upcoming commissioning of the 60-MW Ghoubet wind farm and the construction of the 25-30-MW Gran Bara solar power plant. It is also shown through the upcoming geothermal power plant…
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Aboubaker Omar Hadi, Chairman, Djibouti Ports and Free Zones Authority (DPFZA): Interview
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Interview:Aboubaker Omar Hadi How critical is the green transition of ports to the consolidation of Djibouti as a maritime centre? ABOUBAKER OMAR HADI: The global transport sector is the second-highest contributor to greenhouse gases after fossil fuels. With 80% of worldwide trade carried by the sea, given the country’s location on the second-busiest sea trade route green initiatives undertaken…
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Dabar Adaweh Ladieh, Director-General, International Hydrocarbons Company of Djibouti (Société Internationale des Hydrocarbure de Djibouti, SIHD): Interview
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Interview:Dabar Adaweh Ladieh How do you assess the key projects underpinning the growth of the hydrocarbons sector? DABAR ADAWEH LADIEH: Djibouti is located on the world’s third-busiest sea route for oil tankers, between the Red Sea and the Gulf of Aden. However, ensuring an adequate supply of fossil fuels has been challenging due to global supply constraints. The country’s hydrocarbons…
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Robleh Mohamed Barreh, President, Djibouti Freight Forwarders Association: Interview
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Interview:Robleh Mohamed Barreh How have events that impacted the global economy affected the transport and logistics industry? ROBLEH MOHAMED BARREH: Three key factors have affected Djibouti’s transport and logistics industry: oil price increases, the Covid-19 pandemic and production restrictions in China. These elements together have resulted in significant inflation in the sector. Most of…
Interview

Ahmed Osman Ali, Governor, Central Bank of Djibouti (Banque Centrale de Djibouti, BCD): Interview
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Interview:Ahmed Osman Ali How have the BCD’s intervention plans helped improve the country’s economic indicators? AHMED OSMAN ALI: The priority of the BCD’s interventions is to preserve the integrity of Djibouti’s monetary system, which dates back to 1949. Our currency board regime is bound by strict rules, issuing a freely convertible and stable currency pegged to the US dollar. Accordingly,…
Interview

Jama Hersi Abdi, General Manager, Salaam Africa Bank: Interview
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Interview:Jama Hersi Abdi Which elements are underpinning the resilience of the banking sector in Djibouti? JAMA HERSI ABDI: The primary factors that have been contributing to the banking sector’s resilience are Djibouti’s sustained economic growth and political stability, as well as the continuing modernisation of the sector. The country has enjoyed consistent economic expansion in recent…
Interview

Mohamed Aden, General Manager, Assurance AMERG: Interview
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Interview:Mohamed Aden What are the main economic indicators driving investment in insurance, and which lines of coverage are experiencing the strongest growth? MOHAMED ADEN: Following a recovery in 2021, economic activity slowed in 2022. This downturn was attributed to disruptions in global shipping and logistics chains related to Russia’s ongoing invasion of Ukraine, low demand in Ethiopia,…
Interview

Ilyas Moussa Dawaleh, Minister of Economy and Finance: Interview
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Interview:Ilyas Moussa Dawaleh How would you assess the resilience of Djibouti’s economy amid global headwinds? ILYAS MOUSSA DAWALEH: Despite myriad external shocks, from the Covid-19 pandemic to the war in Ukraine and Ethiopia, the national economy has remained resilient, with growth expected to stand at 3.4% in 2022 and inflation stabilising at 6%. The government’s fiscal measures to protect…
Interview

Slim Feriani, CEO, Djibouti Sovereign Fund (Fonds Souverain de Djibouti, FSD): Interview
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Interview:Slim Feriani How do you assess the role of the FSD in strengthening the diversification of the economy? SLIM FERIANI: Creating new engines of inclusive wealth through economic diversification is key to the National Development Plan 2020-24. The FSD furthers this goal by improving governance and catalysing investment in strategic economic sectors, such as sustainable natural resources…