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AfricaBiz

Africa Business News

Djibouti Tender and Business News

China Is About To Grab Control of A Key Port in Africa

China may be about to get its hands on yet another critical port because of what is known as the China debt trap. It happened before with Sri Lanka's major seaport at Hambontota. It now looks like it will happen in Djibouti.

New Report Examines Djibouti's Future as Major Trans-Shipment Hub

As the African Development Bank and other organizations are exploring foreign investment opportunities in Africa, one of the more exciting opportunities is the rapid growth in Djibouti, a tiny nation which happens to be placed at the very tip of the Horn of Africa and is looking to become a major trans-shipment hub.

Malawi Becomes Member of the African Finance Corporation

The African Finance Corporation, a Nigeria-based multilateral institution focusing on African infrastructure investments, just announced that the Republic of Malawi has joined AFC as only the second Southern African member country.

Somalia and Djibouti To Collaborate On DARE Project

Somalia and Djibouti have announced a conference for the telecom operators of Somalia, Djibouti Telecom, and Government in Mogadishu by 2018 March to discuss their collaboration in the Djibouti African Regional Express (DARE) project.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

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'.

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