Djibouti Signs Minerals Deal with Chinese Company

Djibouti's President Ismail Omar Guelleh (L) is welcomed by China's President Xi Jinping (R) prior to their bilateral meeting at the Great Hall of the People in Beijing on September 2, 2018. (Photo by Andy Wong / POOL / AFP)

The small East African country of Djibouti signed a $50 million deal with the Singapore-based Chinese company Tze Kuen for mineral exploration and extraction over the five-year period from 2026 to 2030.

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