Djibouti Business Directory & List of Companies
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Capital City and 5 Largest Cities in Djibouti
Djibouti is a small country located in the Horn of Africa.
Djibouti City (Capital):
Djibouti City is the capital and largest city of Djibouti. It serves as the country's political, economic, and cultural center. The city is strategically located on the Gulf of Aden and serves as an important port for the region.
- Ali Sabieh:
Ali Sabieh is one of Djibouti's largest cities and is located in the southern part of the country. It is known for its diverse population and proximity to Ethiopia.
Tadjourah is another significant city in Djibouti, situated on the coast of the Gulf of Tadjourah. It is known for its picturesque landscapes and historical sites.
Obock is a coastal city in Djibouti, located along the Bab-el-Mandeb strait. It is known for its historical significance, as it served as the first capital of French Somaliland during the colonial period.
Dikhil is one of the major cities in Djibouti, located in the western part of the country. It is known for its desert landscapes and cultural heritage.
Economy of Djibouti
Gross Domestic Product (GDP):
Djibouti's GDP was approximately 2.15 billion (in current U.S. dollars) in 2020.
- GDP Growth Rate:
The country has experienced steady economic growth, with GDP growth rates averaging around 5-7% in the years leading up to 2020.
GDP per Capita:
Djibouti's GDP per capita was around 2,400 (in current U.S. dollars) in 2020.
- Economic Sectors:
Djibouti's economy is primarily service-oriented, with services accounting for a significant portion of GDP. The services sector includes activities related to the Port of Djibouti, transport and logistics, finance, and tourism.
The country also has limited agricultural and industrial sectors due to its arid climate and limited natural resources.
- Transport and Logistics:
Djibouti's strategic location along the Bab-el-Mandeb strait, which connects the Red Sea to the Gulf of Aden, has made it a crucial regional hub for trade and logistics. The Port of Djibouti is one of the busiest ports in the region and plays a vital role in the country's economy.
Djibouti has attracted foreign investment in infrastructure development, including ports, free trade zones, and transportation networks. China has been a significant investor in Djibouti's infrastructure projects.
The Djiboutian franc (DJF) is the official currency of Djibouti.
Djibouti faces economic challenges, including high youth unemployment, income inequality, and the need for continued infrastructure development. The country's reliance on port and logistics services makes it vulnerable to global economic fluctuations.
- Foreign Military Bases:
Djibouti hosts several foreign military bases, including those of the United States, China, France, and Japan. These bases provide revenue and employment opportunities for the country.
Five Largest Companies in Djibouti
Djibouti Ports and Free Zones Authority (DPFZA):
The DPFZA is a government entity responsible for managing and overseeing Djibouti's strategic ports and free trade zones, including the Port of Djibouti. These facilities are vital for the country's trade and logistics activities.
- Djibouti Telecom:
Djibouti Telecom is the state-owned telecommunications company in Djibouti. It provides telecommunications services, including fixed-line, mobile, and internet services, and plays a crucial role in the country's communication infrastructure.
- Djibouti International Free Trade Zone (DIFTZ):
DIFTZ is one of the largest free trade zones in Africa and is operated by the Djibouti Ports and Free Zones Authority. It attracts foreign and domestic companies engaged in trade, manufacturing, and logistics.
- Bank of Djibouti (Banque de Djibouti et du Moyen Orient - BDMO):
BDMO is one of the prominent banks in Djibouti, offering a range of banking and financial services to individuals and businesses.
- Djibouti Shipping Company (Djibouti Shipping Lines - DSL):
DSL is a state-owned shipping company that provides maritime transportation services, linking Djibouti to international markets and facilitating trade through its fleet of vessels.
Five Largest Banks in Djibouti
Banque de Djibouti et du Moyen Orient (BDMO):
Banque de Djibouti et du Moyen Orient, often referred to as BDMO, is one of the largest and most established banks in Djibouti. It offers a range of banking and financial services to individuals and businesses.
Banque Indosuez Mer Rouge (BIMR):
Banque Indosuez Mer Rouge, or BIMR, is another significant bank in Djibouti. It provides various banking services, including retail banking and corporate banking.
Banque pour le Commerce et l'Industrie Mer Rouge (BCIMR):
Banque pour le Commerce et l'Industrie Mer Rouge, or BCIMR, is a prominent bank in Djibouti with a focus on serving businesses and industries. It offers corporate banking and trade finance services.
- Caisse Centrale de la France d'Outre-Mer (CCFOM):
Caisse Centrale de la France d'Outre-Mer, or CCFOM, is a financial institution with a presence in Djibouti. It provides banking and financial services, including credit and loans.
- Commercial and Industrial Bank of China (CIC):
The Commercial and Industrial Bank of China, or CIC, has a branch in Djibouti. It offers banking services, including corporate and trade finance, and plays a role in facilitating economic ties between Djibouti and China.