DBI has made a strategic decision to be headquartered in the Republic of Djibouti. The country offers many advantages and a favorable environment for a bank with local, regional and global ambitions. Indeed, Djibouti has one of the most liberal economic regimes in Africa and a business friendly environment. Key benefits offered by Djibouti include:
Strategic location connecting the Red Sea and the Gulf of Aden, an open trade regime, substantial tax breaks and other incentives.
Member of the Common Market for Eastern and Southern Africa (COMESA), which groups over 20 countries into a common market of more than 300 million people.
The Djibouti franc is stable and has been pegged to the U.S. dollar since 1973.
Member of the Multilateral Investment Guarantee Agency (MIGA) which protects investors against non-commercial risks. The country is also eligible for Overseas Private Investment Corporation (OPIC) programmes which offer up to 400 million USD in combined financial and political risk insurance to eligible investors.
Access to a wide range of international and regional development assistance.
Access to significant volumes of Foreign Direct Investment, especially from Gulf countries.
Moderate competition in the banking sector.
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