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Africa Business News

Djibouti Tender and Business News

5 African Economies Show High Promise for Belt and Road Investments

According to a new report by Baker McKenzie and Silk Road Associates, China's Belt and Road Initiative (BRI) is increasing BRI-related projects with up to US $350 billion over the next five years. Kenya, Tanzania, Ethiopia, Djibouti and Egypt are among the major African economies which may benefit from this substantial investment.

Somalia and Djibouti Develop Plans to Cooperate Closer on Posts and Telecom

After a four-day official visit by H.E. Abdi Ashur Hassan, Somalia's Minister of Post, Telecommunications and Technology, to Djibouti, the Somali minister and H.E. Abadi Youssouf Sougeh, Djibouti's counterpart, have issued a joint statement on plans for cooperation between the two countries on telecom issues.

FAO and AfDB Collaborate on 'Desert to Power Program' in Africa

The Food and Agriculture Organization (FAO) and the African Development Bank (AfDB) have begun a new major collaboration initiative to help transform precarious situations in the desert part of Africa into developmental opportunities. It is called the 'Desert to Power program', and will be deployed to 11 countries including Sudan.

Djibouti Unveils Master Plan for Inclusive Transformation for the Country

To help the tiny but strategically-located state of Djibouti find ways to expand and support job growth especially among the poor, an integrated national plan called 'Vision Djibouti 2035" defines a detailed investment plan for the country. It aims to change the country into a major logistics and commercial hub for the Horn of Africa.

Thanks to Chinese Investments, Djibouti is Transforming into the African Dubai

Djibouti, on the Horn of Africa at the shipping gateway to the Middle East, may be tiny but is turning into one of the most valuable investment locations in the world. And with $12 billion of Chinese investment alone pouring into this country of 900,000 citizens, no wonder it is being referred to as 'the Dubai of Africa'.

Chewing Khat Praised by Some, Considered Scourge by Others

On any given Sunday afternoon in the capital of Ethiopia, Yemeni émigré men in their fifties and sixties show up at a traditional Yemeni-styled mafrajroom clutching bundles of green, leafy stalks: khat. Chewing its leaves is a part of culture and tradition, but with its psychotropic qualities it is questioned by many as to whether it should be outlawed.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

African Farmers Can Feed the World, If Only...

Can African farmers feed the world?. Apparently the answer is “yes.” Bold as it may sound, this statement is based on specific facts: Africa is home to 60-65 per cent of the world’s uncultivated arable land and 10 per cent of renewable freshwater resources, and it has registered a 160 per cent increase in agricultural output over the past 30 years.

Eastern Africa Debt is Up but Still Manageable as Economies Continue to Expand

As countries in Eastern Africa have pressed hard for economic expansion, debt has gone up rapidly in recent years. According to a just-issued UNCTAD Economic Development in Africa report, "Debt Dynamics and Development Finance in Africa", however, the debt at this point is still manageable when balanced against any risks associated with the debt.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

Media Freedom in Africa Remains Under Attack

Imagine a world without the media, where we have no verified information about what’s going on around us. Where everything is hearsay and gossip, where there are no trusted sources of information. It would be hard to operate in a world like that: to make decisions about what to do about the things that affect our lives.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

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