Afreximbank is expanding support for Djibouti’s infrastructure and banking sector, Capital reported on September 29.
$130 million: Estimated cost of Damerjog’s second phase, which Afreximbank has committed to finance.
$150 million: Financing being arranged for industrial roads across Djibouti.
$200 million: Earlier financing provided in 2023 for the initial oil jetty and pipeline.
Trade finance: Confirmation lines approved for four banks; seven financial institutions joined the bank’s pan-African payment services program.
Why it matters — WBN analysis:
Expanded fuel infrastructure and industrial roads could improve logistics serving Ethiopia’s trade through Djibouti. Stronger banking support could also ease cross-border transactions, with potential benefits depending on project delivery and businesses’ access to the facilities.