Djibouti inaugurates Sovereign Fund to turbocharge country’s development

DJIBOUTI – Djibouti, one of the smallest country’s country in continental Africa by land mass and population size, has inaugrated the Djibouti Sovereign Fund (Fonds Souverain de Djibouti – FSD) aimed at turbocharging the country’s development. The activities of the Djibouti Sovereign Fund were officially launched in September at presidential palace in the capital. The launch follows the implementation decrees promulgated in June during a special inter-ministerial committee officiated by the Djiboutian President Ismaël Omar Guelleh. During the inter-ministerial committee, the Djibouti Cabinet also had an opportunity to formalize the…

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Djibouti launches sovereign fund to achieve its development goals

DJIBOUTI – The Republic of Djibouti has announced the creation of the Djibouti Sovereign Fund (Fonds Souverain de Djibouti – FSD) following the enactment of a law dated 29 March 2020 and the promulgation of the implementing decrees on 24th June 2020. Established in the form of a public limited company under private law whose sole shareholder is and will remain the State of Djibouti, the Fund belongs to all Djiboutians. Its purpose and missions are fully aligned with the country’s development goals. It is aimed at gathering national wealth…

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