Djibouti allocates 1.8 billion francs to youth entrepreneurship
The government approved a new organic law to modernize state budget management and support young entrepreneurs.
Djibouti's President chaired a Council of Ministers meeting on October 27, 2026, where 1.8 billion Djiboutian francs were exceptionally allocated to the Djibouti Economic Development Fund (FDED). This funding aims to boost national entrepreneurship, combat youth unemployment, and diversify the economy by supporting projects in agriculture, livestock, fishing, tourism, renewable energy, logistics, digital services, and the circular economy.
The President emphasized facilitating young entrepreneurs' access to finance and stressed the FDED's role in providing training, technical assistance, and follow-up. Success will be measured by the viability of created businesses, job generation, and their contribution to national prosperity.
The council also approved a new organic law on finance laws (LOLF) to modernize state budget preparation, execution, and control. This reform, aligned with Djibouti Vision 2035 and the ADEEG 2025-2030 national development plan, replaces a 2000 law and aims to enhance budget discipline, public spending efficiency, and financial transparency.
Why it mattersDjiboutian youth seeking to start businesses will receive financial support and guidance.