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Social / CSR in Djibouti

  • Djibouti cuts diplomatic relations with Iran

    IRAN, 2016/01/08 Djibouti said Wednesday it has cut diplomatic relations with Iran amid a diplomatic crisis with ally Saudi Arabia. The tiny Horn of Africa country is a strategic port on the Gulf of Aden with a key position on one of the world's busiest shipping lanes. Djiboutian Foreign Minister Mahamoud Ali Youssouf has "severed diplomatic ties with Iran," a government statement read.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • Inequality rises in resource rich countries in Africa

    BOTSWANA, 2013/06/21 Despite catalysing strong economic increase, the revenues taken from resources are widening the gap between rich and poor in a lot of African nations, the Africa Evolution Panel says.  While the continent’s 20 resource rich nations account for almost 80 % of its gross domestic product and per capita incomes have generally increased, these nations’ records on poverty reduction and human development are chequered, the APP says in its Africa Evolution Statement 2013. “Africa’s increase figures are real and there is nothing wrong with resource based increase in terms of taking off, but increase has got to be equitable,” Strive Masiyiwa, a member of the Panel and founder of Econet Wireless said.