Djibouti just inked a partnership with Hong Kong Aerospace Technology Group for the construction of a spaceport in the country. The project which is estimated to cost around $1 billion will also involve the construction of a port and highway in the northern Obock Region. The signing of the deal was presided over by the President of Djibouti, Ismail Omar Guelleh, and the project is set to be completed in the next five years. This is not the only major deal Djibouti has inked this year. On January 9th, the country became the latest member to sign the Treaty on the Prohibition of Nuclear Weapons (TPNW), at the UN headquarters in New York. Djibouti’s ambassador to the United Nations, Mohamed Siad Doualeh, signed the landmark treaty, bringing the total number of signatories to 92.
SOURCE: BUSINESS INSIDER
More Stories
African and Global Firms Contribute towards Harris’ Empowerment Fund
The Main Winners in Nigeria’s Botched Currency Overhaul are Two Chinese-owned Fintech Apps
The Growing Opportunities that African Pharmaceuticals Present
Africa’s Extraction and Export of Raw Materials is Rising
Accra’s Plan on a Debt-free Life
Mauto is Preparing Benin—and Africa—for an e-bike Ride
Rwanda’s Long History of Mining
Disease Stops Trade in East Africa’s Border Towns
A Marketplace for Medical Equipment in Addis
South African Rate Hike Exceeds All Expectations
At the Coalface of the Green Revolution, but Earning Crumbs
Harris Stresses that U.S. Interests in African Nations Extends beyond Competing with China