Djibouti

Independent since June 27, 1977, the Republic of Djibouti is a country of the Horn of Africa. Covering an area of ​​23,200 km2, it is bounded on the North by Eritrea, on the West and South by Ethiopia and on the Southeast by Somalia. It has a 370 km long coastline overlooking the Red Sea and the Gulf of Aden. The currency of the country is the Djibouti Francs.

Djibouti's Economy

Djibouti’s economy is currently driven by the country’s state-of-the-art port complex, which is among the most sophisticated in the world. Trade through Djibouti’s port is expected to grow rapidly in parallel with the expanding economy of its main trading partner, Ethiopia. In addition, Djibouti is endowed with natural assets for the development of tourism, untapped marine resources that could support growth in artisanal fishing, and a significant infrastructure of undersea telecommunications cables on which it could draw to develop new service industries. Energy trade could also be a source of growth for the country.

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