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Jean Pierre Gianotti, Chair of SBE (Société de Banque et d’Expansion)

Djibouti is the safest country in the region, because around it you have Eritrea, which is in difficulty. And the Yemen is just 20km to the other side. Somalia, another country in difficulty, is to the south of Djibouti, and Ethiopia is to the east. Ethiopia is an extraordinary country because there are more than 100 million inhabitants, and the only point of entry for merchandise going into the country is via Djibouti. It is the entry port for all merchandise, so Djibouti has extremely well-developed port infrastructure, particularly considering the size of the country itself. It is the entry point for all merchandise going into Ethiopia, so it is a country that is safe in the context of the turbulence that surrounds it, and is an extremely important economical centre for eastern Africa. We can justifiably qualify it as a hub for eastern Africa. This is a point that the Chinese have grasped, as they consider it to be the beginning of the silk route, for Africa at least, and they also want to benefit from the use of this hub to transit merchandise and business. What is more, they very recently created their first overseas military base in Djibouti. It was completed in July 2017.

Video content: Jean Pierre Gianotti - Chair of SBE (Société de Banque et d’Expansion)

Djibouti is the safest country in the region, because around it you have Eritrea, which is in difficulty. And the Yemen is just 20km to the other side. Somalia, another country in difficulty, is to the south of Djibouti, and Ethiopia is to the east. Ethiopia is an extraordinary country because there are more than 100 million inhabitants, and the only point of entry for merchandise going into the country is via Djibouti. It is the entry port for all merchandise, so Djibouti has extremely well-developed port infrastructure, particularly considering the size of the country itself. It is the entry point for all merchandise going into Ethiopia, so it is a country that is safe in the context of the turbulence that surrounds it, and is an extremely important economical centre for eastern Africa. We can justifiably qualify it as a hub for eastern Africa. This is a point that the Chinese have grasped, as they consider it to be the beginning of the silk route, for Africa at least, and they also want to benefit from the use of this hub to transit merchandise and business. What is more, they very recently created their first overseas military base in Djibouti. It was completed in July 2017.


Linked key words: Djibouti, interest, geographical position

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