Djibouti’s GDP growth has exceeded 5% in recent years, rising to an estimated 6.8% in 2017, and projected to reach 6.9% in 2018 and 2019. This is driven by continued investment in infrastructure, especially ports, in order to facilitate the transit of goods to and from Ethiopia. The government’s long-term goal is to establish Djibouti as an emerging country by 2035, while short-term goals…
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…
In conjunction with HLB Djibouti, this chapter explores the taxation system and Djibouti’s efforts to build an investor-friendly environment. It also contains a viewpoint with Ramiss Houmed, Managing Director and Owner, HLB Djibouti.…
Having long enjoyed relative security and stability – avoiding many of the conflicts that have beset its neighbours – Djibouti has gained a valuable reputation as a safe haven in an often-troubled region, and is a key entryway to the Horn of Africa, with access to the Red Sea. Furthermore, the country is continuing to progress its long-term development policy, Djibouti Vision 2035. The plan fo
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…
In June 2015 the Ministry of Economy and Finance, in partnership with the Chamber of Commerce of Djibouti, organised a conference entitled “The National Forum of the Tax System”. The presence of the highest authorities in the republic at the conference showed the great interest in and importance of this event. The objective of the conference was to analyse the tax system in Djibouti and propose…
In conjunction with JC Colas-Groupe CHD, OBG explores the taxation system, examining Djibouti’s investor-friendly environment. This chapter contains a viewpoint from Felix Emok N’Dolo, Managing Director, JC Colas-Groupe CHD.…