Thursday, 02 August 2018 02:22

Djibouti Jumps 44 Places in World Bank Rankings

Djibouti has moved 44 places in the World Bank Logistics Performance Index (LPI) in just two years after investing heavily in its infrastructure.

The East African state has jumped from 154th in 2014 to 90th this year, and is listed as one of the top 10 most improved economies in the World Bank’s ‘Doing Business’ report.

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Djibouti has improved in five of the six World Bank ranking criteria, with its greatest success in the infrastructure ranking, where it rose 50 places to 60th.

It comes less than a year after the country opened three of the most modern ports in Africa in US$ 15 billion expansion, including the Doraleh Multipurpose Port, which handled over 24,000 TEU in its first six months of operation.

The Doraleh Container Terminal is one of the most efficient in Africa with 34 moves per hour per crane, and it has increased 32% in the last five months.

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The terminal is the centre of the Djibouti International Free Trade Zone (DIFTZ), the biggest free trade zone in Africa that opened in July 2018.

 

 porttechnology.org
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