Sunday, August 30

Investing

Djibouti City was selected as the World Capital of Culture and Tourist by the European Council on Tourism and Trade in April 2018. www.theexchange.africa

Economic diversification beyond commerce, as defined in the Djibouti Vision 2035 plan, the government’s national development program released in 2014, would depend primarily on the country’s capacity to sustainably enhance its tourism offerings.

While President Ismael Omar Guelleh’s administration has succeeded in increasing infrastructure investment, which is critical to fostering tourism, the nation still has a long way to go in enhancing international connectivity and domestic accessibility to become a top tourist destination.

industry sectors have remained unanimous in their calls for more significant investment in Africa's water transport. www.theexchange.africa

Recent economic growth and development within Southern and Eastern Africa have created positive opportunities to expand water transportation services. Owing to the impressive growth of the East African economy, where countries like Tanzania and Ethiopia have experienced remarkable growth rates higher than the regional and continental levels, there is a prospect for expanding cargo traffic. A few of the sub-regions ports are experiencing capacity constraints and congestion.

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