The pandemic has created an urgent need for more patient capital in Africa. With governments across the continent facing budgetary constraints while recognising the importance of investment in essential infrastructure and services, private equity (PE) and venture capital (VC) offer an attractive avenue for financial support. Covid-19 has also accelerated digitalisation in key African markets, which…
Once reserved for ambitious start-ups and industry-leading operators, financial technology (fintech) has caught the attention of private sector firms and government planners alike, becoming a regular feature in budget speeches and development plans. As fintech plays a larger part in the lives of consumers, investors have come to recognise its growth potential. Tech-focused Janus Henderson Global…
Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of consumers, investors have quickly come to recognise…
What are the main achievements of Djibouti’s financial sector in recent years? OSMAN ALI: Djibouti’s financial sector is comprised of 12 banks with increasingly active portfolios across a number of sectors. The rise in financial services activity after reforms in the early 2000s has led to the implementation of a rigorous regulatory framework. The country has a monetary system that provides…
How can Djibouti’s banking sector further support incoming foreign investment? ZOUAGHI: In recent years Djibouti’s economy has experienced average annual growth of 7%. This expansion is advantageous for all the players in the Djiboutian economy. Both market dynamism and foreign direct investments have a positive impact on productivity, consumption, purchasing power and financing, in addition…
Djibouti’s economic growth, based to a large degree on capital investment in infrastructure development and logistics, has been underscoring the expansion of its banking system. Since liberalisation of the sector in 2006, a number of new financial institutions have set up shop in the country, hoping to take advantage of its growing role as a regional transport and financial hub. With a population…
Djibouti’s economic growth, based to a large degree on capital investment in infrastructure development and logistics, has been underscoring the expansion of its banking system. Since liberalisation of the sector in 2006 a number of new financial institutions have set up shop in the country, hoping to take advantage of its growing role as a regional transport and financial hub. With a population…
Although it remains a relatively small market with only two players, insurance in Djibouti continues to align with economic development. Most of the sector’s business is driven by the automotive line; however, new economic activities are expanding the market’s offerings. International cooperation with Djibouti’s neighbours has improved, as stronger commercial links have made cross-border…
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
So much has happened over the past decade in the African markets we cover: Ghana discovered oil, Nigeria re-based its economy, Kenya developed mobile money, Côte d’Ivoire recovered from a civil war, Egypt underwent a peaceful revolution, and Morocco created an aeronautics industry. State assets were privatised, dictators were ousted, and new cities were built. Of course, there have been plenty…
