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Djibouti
Competition explodes in banking

Reading time 3 minutes

Until now the banking sector has been dominated by two major French banks. Now, three new banking institutions have been authorised and a fourth has filed a request.

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Headlines

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Inner Circle | Libya Misrata native Mohamed Raied moves on all fronts in business and politics
The Misurata Free Zone in Misrata, Libya, June 2022.
Guinea Conakry's unpaid bills leave army without South African vehicles Angola, Zimbabwe Businessman Pedro Soco's regional commodity push from Luanda to Harare Kenya Ruto moves to defuse backlash over US Ebola facility
Kenyan President William Ruto and his U.S. counterpart, Donald Trump, in Washington on 4 December 2025.
Africa French foreign ministry finalises diplomatic reshuffle Kenya Cabinet secretary Kagwe forms committee for embattled tea industry
Kenya's Minister of Agriculture in Nairobi, in March 2020.
DRC Kinshasa's Francophonie candidate steps up bid in tour of Arab countries Chad N'Djamena races to replace ageing Kribi oil export platform Tunisia Mokhtar family differences delay diversification of Castel subsidiary

Headlines

Road traffic in Kinshasa, 2019.
Spotlight | DRC Battle over control of digital plate registry holds back reform Senegal Fuel crunch and IMF pressure deepen challenges for new PM Ahmadou Al Aminou Lô
Senegal's new prime minister, Ahmadou Al Aminou Lô.
Inner Circle | Libya Misrata native Mohamed Raied moves on all fronts in business and politics
The Misurata Free Zone in Misrata, Libya, June 2022.
Guinea Conakry's unpaid bills leave army without South African vehicles Angola, Zimbabwe Businessman Pedro Soco's regional commodity push from Luanda to Harare Kenya Ruto moves to defuse backlash over US Ebola facility
Kenyan President William Ruto and his U.S. counterpart, Donald Trump, in Washington on 4 December 2025.
Africa French foreign ministry finalises diplomatic reshuffle Kenya Cabinet secretary Kagwe forms committee for embattled tea industry
Kenya's Minister of Agriculture in Nairobi, in March 2020.
DRC Kinshasa's Francophonie candidate steps up bid in tour of Arab countries Chad N'Djamena races to replace ageing Kribi oil export platform Tunisia Mokhtar family differences delay diversification of Castel subsidiary

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