Tag Archives: Djibouti – Ethiopia Projects

Tiny Djibouti thinks Big with China-Backed Infrastructure Spending Bonaza

Djibouti Infrastructure spending
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