Djibouti acknowledges the crucial need for foreign investment to encourage economic development. The country’s assets include a strategic geographic location, tax incentives favorable to business, Free Zones, an open trade regime, and a stable currency. The government of Djibouti has recognized a number of priority sectors for investment; transport/shipping, services (logistics and port-related), energy, tourism, and fishing.
Djibouti may be one of the tiniest and the youngest states in Africa, but it might also be the most talented in business development and investments. While its larger, more influential neighbors are involved in a never-ending border quarrel, Djibouti stands out as a haven of solidity and neutrality. The country is strategically situated at the mouth of the Red Sea along the shipping route between the Mediterranean and the Indian Ocean.
Regardless of its minute occurrence on the global map, Djibouti has long established status as trading hub and gateway to trillion-dollar markets. Djibouti is preferably centred to simplify trade flows between Europe, Africa and the Middle East. Expectedly, the logistics industry plays a significant part in its economy, with free zones predominantly key.
According to the International Monetary Fund, Djibouti’s economy will grow by 6.5 percent in 2016, the same as in 2015 and up from 6 percent in 2014, compelled by increased investments particularly in infrastructure. Djibouti has made progresses in various areas measured in the World Bank’s, Doing Business reports, moving up 12 spots in 2014 and one spot in 2015. Notable improvements include making it easier to start a business, streamlining registration formalities, and removing the minimum capital requirement for limited liability companies. In addition, Djibouti adopted a new commercial code, which widens the range of movable assets that can be used as collateral to obtain credit.
Djibouti’s economic outlook is also favorable; most assessments expect growth to continue at unparalleled rates. The government has been trying in recent years to reduce the structural obstacles to adequate electricity and water supply that handicap growth of the private sector.
REGIONAL IMPORTANCE
Denne historien er fra November 2016-utgaven av The Times Of Africa.
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Denne historien er fra November 2016-utgaven av The Times Of Africa.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Furniture - A Growth Oriented Industry
Africa constitutes 16.36% of the total world population and contributes 3% to the world Gross Domestic Product (GDP). Africa is a huge pool of population, which is projected to expand and grow rapidly. By 2050, 2.4 billion more people are expected on the planet out of which 1.3 billion are expected to be born in Africa. The majority of the world’s population growth is expected to take place in Africa. It is said that where there is population, there are enormous opportunities. Business opportunities is one the aspect of this broad spectrum of opportunities.
The Stunning Rise of Vernon Philander
“There is only one thing that makes a dream impossible to achieve: the fear of failure.”
An Amalgamation
The Conclave has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships. The annual gathering enables the Indian and African leadership to take stock of the progress of the partnership and address future needs in this regard.
Ethiopia
A Landlocked Spectacle.
Student Housing, A Virgin Market
Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
The End Marks A New Beginning...
“what africa does with agriculture is not only important for africa: it will shape the future of food in the world.” – akinwumi adesina, President of the african development Bank.
A Pristine Paradise
It is a place immortalised by various animated Disney movies – clean blue water oozing freshness, calm cool breeze soothing your soul, natural sceneries with colours in their purest form, and lemurs, with their wide, reflective and even eerie eyes. An abode on the wish list of every globetrotters’ itinerary – it is unlike a place you have ever been. It is Madagascar!
Leading The Industry With Innovation
Interview with Mr. Abbad Reda, Chief Information Officer of MTN Ghana
Make Way For Germany
Africa has traditionally been a market where the Chinese and the Indians have flourished. While India’s trade with Africa increased from $25 billion in 2006 to about $70 billion in 2016, China continues to remain Africa’s biggest trading partner.
Egypt , a Dream in the Desert
The Arab republic of Egypt, a democratic republic, commonly known as Egypt's is a silent beauty. This nation is one of its kind. Its beauty lies in its culture and heritage. Egypt may not have many natural attractions but man has surely made its mark by building one of the most unique structures that is; the pyramids.It is mostly comprised of desert area. Trees, forests,and tropical areas are rare here. It can get as unique as possible; it is situated on the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Hence it is called a transcontinental country.
