Qatar Fund For Development (QFFD) signed a Memorandum of Understanding (MoU) with the Government of Djibouti in support of an Education Above All (EAA) Foundation, a World Bank project aimed at enrolling 35,000 out of school children in Djibouti.
The Central Bank of Kenya (CBK) announced the acquisition of 100 percent shareholding of Uwezo Microfinance Bank (Uwezo MFB) by Salaam African Bank (SAB) of Djibouti.
IFC and Djibouti-based East Africa Bank (EAB) signed a partnership to help EAB better mitigate financial risks which have been amplified by the COVID-19 pandemic and improve its sustainability.
Djibouti’s Caisse Nationale de Sécurité Sociale (CNSS) has invested over $5 million in the capital stock of the Eastern and Southern African Trade and Development Bank (TDB), becoming its 18th institutional shareholder.
The Kenya Electricity Generating Company (KenGen) signed a $6.5 million contract withDjiboutian Office of Geothermal Energy Development (ODDEG), to drill three geothermal wells in Djibouti.
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
Accor, a global augmented hospitality group, is expanding its footprint in Africa after signing a management agreement with Kamak Investment to manage its first properties in Djibouti.
Andersen Global has established a presence in Djibouti’s emerging market through a Collaboration Agreement with Djibouti City-based Cabinet Avocats & Associés.
The Sovereign Fund presents itself as an ambitious and innovative financial instrument aimed at turbocharging the country's development. It will strive to modernize the country's economy
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.
The Djibouti insurance sector is expected to grow at a considerable pace in coming years owing to the improving socio-economic growth of the country.
The World Food Programme (WFP) welcomed a contribution of US$7.5 million from the Government of Japan to help support vulnerable people in three East African countries hit by locust swarms feeding off crops.
The African Development Bank (AfDB) approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts.
In line with its commitment to deliver cleaner, more reliable and affordable energy in Africa, Siemens Gamesa has sealed a contract to build the first renewable energy installation in the Republic of Djibouti.
The 59 MW wind farm built by Siemens Gamesa will almost double the Djibouti’s current installed power generation capacity.
Djibouti Telecom, Somtel, Telkom Kenya and SubCom have announced the landing of the Djibouti Africa Regional Express 1 (DARE1) submarine cable system at La Siesta Beach – Djibouti.
Djibouti Telecom, Somtel, Telkom Kenya and SubCom have announced that all manufacturing aspects for the Djibouti Africa Regional Express 1 (DARE1) submarine cable system are complete.
The Saudi Fund for Development has signed an agreement for a grant package worth over USD $9 million to fund the design and construction of a water distribution network, a judicial courthouse and infrastructure projects in Dijbouti.
Horn of Africa countries launch regional initiative to forge closer economic ties, strengthen political climate
Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region.
IFAD has opened a regional office in Cairo to serve as a strategic rural development center for its work to reduce poverty, empower women and youth, and create employment opportunities in seven countries across the region.
The World Bank has announced new support for Djibouti’s efforts to expand access to quality education for 35,000 children.
The African Airlines Association (AFRAA) has this year welcomed four new member airlines in Kenya, Djibouti, Senegal and Uganda.
African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor
The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project.
Doraleh Container Terminal SA (DCT) has been successful in the London Court of International Arbitration proceeding against the Republic of Djibouti.
One of the world’s largest port operators has sued a Chinese state enterprise in Hong Kong over infringement of its exclusive port agreement.
The World Bank has approved an International Development Association package of $20m to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy.
The High Court of England and Wales in London has continued the injunction prohibiting the Government of Djibouti’s port company, Port de Djibouti S.A. from interfering with the management of the joint venture company.
The High Court of England & Wales has granted an injunction restraining Djibouti's port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders' agreement with global trade enabler DP World as terminated.
On 22 February, the Republic of Djibouti terminated the DCT (Doraleh Container Terminal) concession, in which DP World is a shareholder and operator.
COMESA has handed over Information and Communications Technology equipment and analytical software worth over $ 110,000 to the Djibouti Financial Intelligence Unit.
The World Bank has announced new support for Djibouti’s ongoing efforts to leverage digital technology to bring government closer to citizens and improve the impact, transparency and efficiency of its public administration.
The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports.
The Director-General of OFID, The OPEC Fund for International Development, Suleiman J Al-Herbish has signed loan agreements totaling $25 million with partner countries Djibouti and Côte d’Ivoire.
The COMESA Customs Transit Guarantee Scheme (RCTG Carnet) is expected to be operational in the Djibouti Corridor covering Djibouti and Ethiopia in March this year.
Building on the success of the initial phase of their partnership, Emirates and flydubai have announced 16 additional destinations to which Emirates’ passengers will be able travel on a single ticket.
Kellogg Brown & Root Services awarded $441 million U.S Navy base operating support contract for facilities in Africa
Kellogg Brown & Root Services, Inc. has announced that its global Government Services business, KBRwyle, has been awarded a $441 million contract for base operations support services by Naval Facilities Engineering Command (NAVFAC) Atlantic.
Djibouti has opened the Port of Goubet with the main aim of making it a key terminal for salt exportation.
Djibouti has unveiled the Doraleh Multipurpose Port (DMP), the country’s latest mega project.
Djibouti Telecom connects IP network with Hurricane Electric to bring high-speed IP transit to East Africa
East African leading telecom operator, Djibouti Telecom, announced today that it has joined its IP network with Hurricane Electric, the world's largest IPv6-native Internet backbone.
Only half of Djibouti’s population, or around 70,000 households all in urban areas, have access to electricity.
Djibouti has unveiled a 690 hectare Doraleh Multipurpose Port, the country’s largest mega project. The new port infrastructure is equipped with ultra-modern facilities that can accommodate 100,000 DWT vessels.
Hurricane Electric has strengthened its global network with new regional network connectivity in Africa by establishing a new point of presence at the Djibouti Data Center (DDC), bolstering its ongoing commitment to the economic development of the region through the provision of improved IP connectivity and global network access.
"The authorities should advance rapidly with critical reforms aimed at translating investment into strong, inclusive, and job-creating growth," says the IMF’s mission chief for Djibouti Eric Mottu.