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Stock Market / Finance in Djibouti

  • Ethiopia Imports $U.S.1 Billion in Fuel From Sudan Via Djibouti

    DJIBOUTI CITY, 2013/04/02 The Ethiopian Petroleum Supplier Enterprise (EPSE) said on Saturday that the nation has imported over 1 million metric tonnes of petroleum from neighbouring Sudan via the port of Djibouti. Officials said the stated fuel amount was imported at a cost $1.12 billion over the past six months.
  • Vice President’s Visit Marks New Chapter in World Bank Support to Djibouti

    DJIBOUTI, 2012/12/10 The World Bank Group celebrated a number of firsts in Djibouti this week with the first visit by Inger Andersen, World Bank Vice President for the Middle East and North Africa to formalize the institution’s first permanent office in Djibouti which is being established and managed by Homa-Zahra Fotouhi as the first Resident Representative.
  • Signs grant agreement for Djibouti from Goodwill Fund 2012-09-19

    DJIBOUTI, 2012/09/19
  • Djibouti inflation rate rises to 4.2 pct in June 2012-07-30

    DJIBOUTI, 2012/07/30 Consumer prices in Djibouti rose 0.6 % in June from a month before , pushing the year-on-year rate to 4.2 % from 4 % in May, driven by higher food and transport prices, official data showed on Sunday. The prices of food, drinks and tobacco rose 0.9 %, while the cost of transport increased 0.2 %. Housing, water, electricity gas and other fuel prices were up 1.7 %, the Department of Statistics and Demographic Studies said in a statement. The International Monetary Fund has projected that Djibouti's economy will expand 4.8 % this year from 4.4 % in 2011, driven by an acceleration of port activities, construction and services.
  • Djibouti and the financial crisis

    DJIBOUTI, 2011/02/07 15/11/2010 The lease of military bases to strategic countries, the transit trade with Ethiopia, a booming port, and sustained flows of foreign direct investment (FDI) gived to the country’s economy to mitigate the effects of the global economic and financial crisis. Economic growth remains very good and is should reach about 4.5 % in 2010, favoring sound budget- and external-account performance in 2010. In contrast, inflationary pressures in the international food and energy markets will have an impact on the consumer price index in Djibouti, where inflation is expected to reach 4.5 % this year. The authorities on a macroeconomic and structural program covering end-2010 and 2011 in the context of the ECF arrangement. The program’s principal objectives are to achieve growth of 5.5 % , maintain budget balance, and contain inflation and at around 3.5 % .