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Djibouti: Islamic Finance to Play a Key Role in Boosting Economic Development in Africa - Vimarsana News

Djibouti: Islamic Finance to Play a Key Role in Boosting Economic Development in Africa

Djibouti: Islamic Finance to Play a Key Role in Boosting Economic Development in Africa May 20, 2021 Djibouti (HAN), 29 th October 2012: Regional Financial issues and Events. Over the last decade, trade between African countries and the rest of the world has grown significantly and, in particular, charting a 170% increase in trade with the GCC. The ongoing shift by African countries from being aid-dependant to increasing trade and investment ties with the Middle East has positioned Islamic finance to play a key role in facilitating further increases in trade and investment flows between Afri...