Published: September 20, 2019
Djibouti hailed as ‘Singapore of Africa’ amid positive outlook
Shipping, logistics and geography are propelling FDI on the horn of Africa.
The tiny state of Djibouti in the troubled Horn of Africa region has received a fillip from two upbeat reports that highlight its potential as a gateway for foreign investment.
The country is to set to cement its reputation as a shipping and logistics hub, according to Fitch Solutions Macro Research, the macroeconomic research arm of Fitch Group that owns the rating agency.
Meanwhile Djibouti has risen 55 places in the World Bank’s closely-followed Doing Business Report between 2018 and 2019, making it one of the top 100 countries for inward investment for the first time.