ARTICLE · 12 MAY 2021

A Sea Of Opportunities

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Djibouti is one of the smallest countries in Africa. Its strength lies in its location at the southern entrance to the Red Sea and the fact that it is adjacent to some of the world's busiest...

DjiboutiIntellectual Property

Djibouti is one of the smallest countries in Africa. Its strength lies in its location at the southern entrance to the Red Sea and the fact that it is adjacent to some of the world's busiest shipping lanes, acting as a bridge between Africa and the Middle East.

According to the World Bank's global economic prospects report, Djibouti is expected to experience the strongest growth in the gross domestic product (GDP) in Africa this year. The country's growth remained positive at 0.5% in 2020, following the recovery of key domestic markets. What is more, the output growth in Djibouti is set to reach 5.5% in 2021 and an average of 6.1% a year in 2022 and 2023. This will put the country's shipping, logistics and telecommunication services to the test.

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