The Private Sector Is At The Heart Of The Economy

Djibouti is today one of the most promising strategic hubs in Africa, and this second edition of the Djibouti Forum is a unique opportunity for foreign investors to better understand the opportunities offered by our country.

Despite the tensions in the Red Sea, its strategic position on the Suez/Bab el-Mandeb axis remains a major asset. But beyond its geography, the country offers a stable business climate, an attractive and rapidly modernising economic and regulatory framework, and monetary stability thanks to the fixed parity with the dollar. It is also a gateway to a regional market of 120m consumers, particularly thanks to its trade with Ethiopia.

Economic diversification is an absolute priority for Djibouti, because it not only reduces our dependence on the port and logistics sector, but also creates long-term employment and added value opportunities.

We have already begun major transformations in several key sectors. In finance, Djibouti aspires to become a regional financial centre. The modernisation of our banking system, the development of Islamic finance and the emergence of fintech services are strategic priorities.

In terms of digital technology, we have the most efficient infrastructure in East Africa, thanks to our position as a hub for submarine cables connecting several continents. The government and the private sector are investing in digitalisation, cybersecurity and the development of technology start-ups.