On January 25 Stanislav Mezentsev, Managing Director of AFROCOM, met with Youssouf Moussa Dawaleh, the President of the Chamber of Commerce of Djibouti (CCD) and its General Secretary Hibo Asman Ahmed. Mr Mezentsev presented AFROCOM’s vision for the Russian Trading House in Djibouti, for which the President expressed his support and readiness of the CCD to promote the initiative.
According to AFROCOM, the parties will soon hold the Russia-Djibouti business-forum via videoconference. What is more, AFROCOM is planning to organize a Russian business-mission to Djibouti right after the restrictive measures to curb the spread of COVID-19 have been lifted.
Djibouti is the regional logistics hub — about 95% of Ethiopia's exports and imports move through its maritime ports.
With the establishment of the Trading House, Djibouti could become a gateway to the Horn of Africa for Russian exporters. Djibouti is the regional logistics hub — about 95% of Ethiopia’s exports and imports move through its maritime ports. Russian exporters that would consider displaying their products in the Trading House could also benefit from Djibouti’s membership in the African Continental Free Trade Area and The Common Market for Eastern and Southern Africa.