Africa Business Radio

Djibouti's Economy Affected By Ethiopian War

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Synopsis

The government of Djibouti says the year-long war in neighbouring Ethiopia has had a drastic impact on its economy. Djibouti’s Finance Minister, Ilyas Moussa Dawaleh, told the BBC that due to the conflict trade had reduced to about 20% of what it was. He says the country had lost $1.7bn because over 90% of Ethiopia's goods pass through the port of Djibouti and both nations have invested billions of dollars to build a trade corridor including a rail link.