Slim Feriani on de-risking investments in Djibouti
In a bid to de-risk investments and attract a more diversified portfolio, Djibouti is switching the ball game. CNBC Africa’s Ridhima Shukla had a conversation with Slim Feriani, CEO of Djibouti Sovereign Fund on the side-lines of Djibouti forum on investment opportunities, de-risking mechanisms and economic diversification.
Tue, 14 May 2024 11:10:21 GMT
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AI Generated Summary
- The importance of trust and confidence in attracting foreign direct investment
- The role of Djibouti Sovereign Fund in de-risking investments and initiating projects across various sectors
- The country's potential for becoming a data center hub and the focus on sustainable finance and tourism growth
Djibouti, a small country located in the Horn of Africa, is making big strides in de-risking investments and diversifying its economy beyond ports and logistics. Slim Feriani, CEO of Djibouti Sovereign Fund, sat down with CNBC Africa's Ridhima Shukla on the side-lines of the Djibouti forum to discuss the fund's role in attracting international capital and expanding economic opportunities. Feriani highlighted the importance of building trust and confidence to attract foreign direct investment (FDI), stressing that FDI is crucial for optimizing the country's economic potential. He emphasized the need for international investors to come to Djibouti, see the reality on the ground, and bridge the gap between perception and reality. By developing relationships with partners, the fund has successfully attracted investors and initiated projects in various sectors. One of the key projects includes the first crowdfunding firm in Djibouti, demonstrating the fund's commitment to filling financing gaps and complementing existing initiatives.
