Tag Archives: Ismael Omar Guelleh

Djibouti – The Superpowers’ Playground

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“We don’t have anything else but location” – Djibouti

By The Economist,

AT 2pm in the tiny African state of Djibouti everything stops. As the sun burns high in the sky people retreat to their homes, save for a few men lying in the shade of colonial-era walkways, chewing qat leaves that bring on a hazy high. In the soporific heat you would be forgiven for thinking that time had forgotten the New Jersey-sized nation. Yet its quiet stability within the volatile Horn of Africa has made the country of just 875,000 people a hub for the world’s superpowers. Continue reading Djibouti – The Superpowers’ Playground

Tiny Djibouti thinks Big with China-Backed Infrastructure Spending Bonaza

Money talks, especially in small and underdeveloped states run by authoritarian governments such as Djibouti. Thanks to a Chinese extravagant spending on a web of complex infrastructure projects, Djibouti’s, economy is expected to grow by 6.5 percent in 2016. However, it faces a greater risk from high public debt levels and increasing non-performing loans in its banking sector. (Photo/AFP)

By AFP,

The tiny Horn of Africa nation of Djibouti, which votes Friday in presidential elections, is hitching its wagon to the star of neighbouring Ethiopia with a series of cross-border projects funded mainly by China, the new power-broker in the region.

Djibouti’s President Ismael Omar Guelleh, in power since 1999, is seeking a fourth term as head of the former French colony that sits at the entrance to the Red Sea and Suez Canal. Continue reading Tiny Djibouti thinks Big with China-Backed Infrastructure Spending Bonaza