In the year since COVID-19 hit, economies across Africa have experienced a dramatic slowdown. Even countries with limited initial incidence of the virus faced severe economic aftershocks. Significant disruption in agricultural markets and labor in sub-Saharan Africa has restricted income and led to rapid food insecurity for many.
Few countries have reaped greater benefit recently from foreign investment than Djibouti, a small African nation whose economy is on the upside. However, its economic diversification is threatened by a lack of confidence on the part of companies in the government’s ability to provide a low-risk business environment.