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The World Bank Group
Source: The World Bank Group |

Djibouti's Economy Shows Strong Growth in 2023 Despite Fiscal Challenges

The medium-term outlook for Djibouti remains cautiously optimistic, with projected annual GDP growth of 5.1 percent between 2024 and 2026

Djibouti’s economy achieved an impressive rebound in 2023, outperforming forecasts with GDP growth estimated at 6.7 percent. The country benefited from a recovery in Ethiopia’s growing demand for port and logistics services. Additionally, domestic demand remained strong, supported by a recovery in private investment and government measures to mitigate the…

The World Bank Group
Source: The World Bank Group |

World Bank Approves US$90 Million Additional Financing for Djibouti Regional Economic Corridor

The new financing will support the rehabilitation, improvement, management, and maintenance of three sections of the Southern Corridor Road

The World Bank’s Board of Directors has approved US$90 million in additional financing for the Horn of Africa Initiative: Djibouti Regional Economic Corridor project.  The new support will expand the scope of the US$70 million original project, approved in December 2021, to enhance regional connectivity and resilience, logistics efficiency, and improve accessibility for…

Ministry of Foreign Affairs of The State of Qatar
Source: Ministry of Foreign Affairs of The State of Qatar |

Qatar: Prime Minister and Minister of Foreign Affairs Meets Djibouti's Prime Minister

They discussed cooperation relations between the two countries and ways to support and develop them, in addition to a number of regional and international issues of common concern

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met at the Amiri Diwan on Sunday with HE Prime Minister of the Republic of Djibouti Abdoulkader Kamil Mohamed, who is visiting the country. During the meeting, they discussed cooperation relations between the two countries…

African Union Transition Mission in Somalia (ATMIS)
Source: African Union Transition Mission in Somalia (ATMIS) |

African Union Transition Mission in Somalia (ATMIS) Djibouti peacekeepers mark 47th Independence Day Anniversary

Present at the event were senior officials from the UN, ATMIS, the Hiiran regional administration and representatives from the local community

Djibouti troops serving with the African Union Transition Mission in Somalia (ATMIS) celebrated their country’s 47th Independence Day in a colourful ceremony on Thursday in Beletweyne, the Hiiran region.  On June 27 every year, Djibouti celebrates its independence from French colonial rule, which was achieved in 1977.  In his address, the…

African Development Bank Group (AfDB)

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    • l-r) Somalia Minister of Finance Bihi Egeh, South Sudan Governor of the Central Bank (Alternate Governor) Dr. James Alic Garang, Union of the Comoros Finance Minister Mzé Abdou Mohamed Chanfiou, AfDB Vice Pres. Dr. Beth Dunford, Djibouti Minister of Economy and Finances Ilyas Moussa Daweleh and Bank Director General for East Africa Nnenna Nwabufo were among the officials taking part in the signing ceremony
    • Djibouti Minister of Economy and Finances H.E. Ilyas Moussa Daweleh and VP Dunford pose for the press after signing the project documents
    • Annual Meetings 2024: Comoros, Djibouti, Somalia and South Sudan join $35 million African Development Bank climate disaster risk financing project
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Source: African Development Bank Group (AfDB) |

Annual Meetings 2024: Comoros, Djibouti, Somalia and South Sudan join $35 million African Development Bank climate disaster risk financing project

The Bank’s Board of Directors approved the Multi-National Climate Disaster Risk Financing Project on 3 May 2024

The African Development Bank Group (www.AfDB.org) Vice President for Agriculture, Human and Social Development joined finance ministers and representatives from Comoros, Djibouti, Somalia and South Sudan for the signing agreement for a $35 million project to build resilience and responses to climate shocks. The signings took place on the sidelines…

World Trade Organization (WTO)
Source: World Trade Organization (WTO) |

Director-General Okonjo-Iweala cites members’ desire to complete unfinished business from MC13

WTO members are eager to complete the unfinished business pending from the organization’s 13th Ministerial Conference (MC13) in Abu Dhabi earlier this year

Speaking in her role as Chair of the WTO's Trade Negotiations Committee, DG Okonjo-Iweala said consultations she has held with members and groups of members since the last General Council meeting in March to hear their thoughts on moving forward post-MC13 demonstrated a “constructive spirit”, with everyone “eager to complete…

The World Bank Group
Source: The World Bank Group |

Djibouti Digital Economy: Opportunities and Challenges for Growth and Development

The report provides an overview of the current landscape in each of these areas and offers recommendations for further development

The World Bank has released today a comprehensive report on the state of the digital economy in Djibouti. The report, titled "Djibouti Digital Economy Diagnostic” looks at challenges and opportunities in the country’s digital landscape, the importance of digital infrastructure development, the need for improving broadband access and affordability, and…

PAIX Data Centres

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    • PAIX Data Centres Announces Joint Venture with Djibouti Sovereign Fund to Construct a Cloud- And Carrier-Neutral Data Centre in Djibouti
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Source: PAIX Data Centres |

PAIX Data Centres Announces Joint Venture with Djibouti Sovereign Fund to Construct a Cloud- And Carrier-Neutral Data Centre in Djibouti

The new facility will serve as a strategic interconnection hub for internet service providers (ISPs), cloud providers, financial institutions, and enterprises seeking reliable and scalable infrastructure to support their digital initiatives

PAIX Data Centres (www.PAIX.io), a leading provider of data center solutions, is pleased to announce a strategic joint venture with the Djibouti Sovereign Fund to construct a state-of-the-art cloud- and carrier-neutral data centre in Djibouti. This landmark project represents a significant milestone in Africa's digital infrastructure development and underscores the…

Council of the European Union
Source: Council of the European Union |

Maritime Security: European Union to become an observer of the Djibouti Code of Conduct/Jeddah Amendment

The EU signals its strong support for an effective regional maritime security architecture, while strengthening its presence and engagement as a global maritime security provider in the fight against illegal activities at sea

The EU will soon become a ‘Friend’ (i.e., observer) of the Djibouti Code of Conduct/Jeddah Amendment, a regional cooperation framework to tackle piracy, armed robbery, human trafficking and other illegal maritime activities in the North-Western Indian Ocean, including the Gulf of Aden and the Red Sea. The Council today formally…

U.S. Embassy in Djibouti
Source: U.S. Embassy in Djibouti |

United States Department of Defense Awards $25 Million Construction Contract to Djiboutian Businesses

This contract, part of the broader “Africa First” initiative, underscores the commitment of the United States to fostering economic growth and stability in Djibouti

The U.S. Naval Facilities Engineering Systems Command (NAVFAC) Europe Africa Central (EURAFCENT) has awarded a significant $25 million construction contract to five Djiboutian companies. This contract, part of the broader “Africa First” initiative, underscores the commitment of the United States to fostering economic growth and stability in Djibouti. The contract,…