Geography and Background
Djibouti, on the Horn of Africa, is both a French- and Arabic-speaking country. Djibouti is bordered by Eritrea in the north, Ethiopia in the west and south, and Somalia in the southeast and by the Red Sea and the Gulf of Aden in the east.
Djibouti occupies a total area of just 23,200 km2 or 8,958 sq miles.
The country’s assets include a strategic geographic location, Free Zones, large deepwater port, an open trade regime, and a stable currency. Djibouti has identified a number of priority sectors for investment, including transport/logistics, financial services, energy, and tourism.
The challenges that Djibouti faces in its economic development include the following;
• High electricity costs,
• High unemployment,
• An unskilled workforce,
• Regional instability,
• Lack of diversified economy.
General information about Djibouti has been summarized to include the following