Category: Djibouti (en)

Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority

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Nairobi, 17 July 2023: – The African Export-Import Bank (Afreximbank) today in Nairobi announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a series of development projects in the country’s Damerjog Industrial Development Free Trade Zone.The deal, announced after a meeting between Afreximbank President Prof. Benedict Oramah and Omar Guelleh, President of Djibouti, on the sidelines of the ongoing Summit of Heads of State of the African Union, is part of a total facility amount of $155 million for work…

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Kenya and Djibouti Agree on a Visa Free Regime to Boost Trade

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Kenya and Djibouti will push for a visa-free regime to spur trade.   The two countries will also exploit and further their existing relations to grow investments. This was reached on Sunday when President William Ruto met his counterpart Ismaïl Omar Guelleh at the Palais Présidentiel in Djibouti. The two leaders agreed to establish the Kenya-Djibouti business council that will drive commerce between the two countries. President Ruto said, Djibouti people visiting Kenya will not be required to have visas. “This is part of our contribution to easing the movement…

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Ethiopia and Djibouti reached an agreement on the completion of a road that links the two countries

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Ethiopia and Djibouti reached an agreement (23 March 2023) on the completion of a road that links the two countries. The 35 kilometer road between Galamo and Moloud will enable the smooth circulation of vehicles and cargo, enhancing transportation between the two countries. The agreement ensures that the Galamo-Moloud road will be completed within a year, with appropriate payments being provided to the Ethiopian Construction Works Corporation (ECWC). The agreement was reached during the visit of H.E. Dr. Alemu Simie, Minister of Transport and Logistics to Djibouti. During the visit,…

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DP World wins latest judgement in Hong Kong Court over Djibouti concession

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DP World has won the latest in a string of court rulings, as it defends its rights as shareholder and concessionaire in Djibouti’s Doraleh Container Terminal. The Court of Appeal of Hong Kong has dismissed the latest request by China Merchants Port Holdings seeking permission to file a second appeal before the Court of Final Appeal, against its previous decision that DP World’s suit against the company should be heard before Hong Kong Courts, and not the courts of Djibouti. read more

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