The Dar es Salaam International Trade Fair (DITF) has established itself as one of the prime trade events in East Africa. Held every year, the DITF is an ideal platform for companies to showcase their products on a pan-African platform. The DITF has grown in stature over the years and attracts more than 1,000 companies from all over the world to participate annually. In addition to companies from Tanzania and the rest of Africa, one can find a large contingent of overseas companies from as far away as the United States, Europe, India, Pakistan, and the Middle East.
Wedged between the White and Blue Niles, the Al-Mogran development in Khartoum was once envisioned as a huge, shimmering complex of glass and steel. For years, the Sudanese capital sought to leap into modernity with this $4-billion Gulf-funded commercial and residential megaproject. Designed and planned by consultants in the United Arab Emirates and Malaysia, Al-Mogran bore many of the hallmarks of the lavish projects raising billions for developers in the Arabian Gulf.
Healthcare in Africa: Moving Ahead
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The healthcare sector in Africa is experiencing remarkable transformation, as hospital infrastructure and the availability of highly qualified medical professionals have dramatically improved over recent years. By transitioning from traditional practices to modern, digitally-enabled healthcare systems, many African nations are meeting the growing demand for quality care.
Djibouti: The Rising Star of East Africa
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Djibouti has had tremendous investment promotion success over the last five years and is now one of the leading FDI areas in Africa. Its government has decided to use its Red Sea position and proximity to Ethiopia to the West and the Arabian Gulf to the East, as the driving theme for major investment promotion. But it also recognised that location alone is not enough, so over the past five years it established a Djibouti Free Zone (DFZ), and a new, more modern, foreign investment regime that would support new direct investment into that Zone.
Africa is fast emerging as one of the most critical trading partners for the United Arab Emirates. As the global economy pivots toward emerging markets, Africa’s status as the most promising commercial frontier of the new millennium is undeniable. The UAE has been remarkably quick to recognize this immense potential, actively deploying sovereign capital and private sector expertise to deeply integrate its logistics and trade networks with the African continent.
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The Africa Markets: Moving Ahead
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Africa’s rapid economic growth is creating substantial new business opportunities that are often overlooked by global companies. The African market today in undoubtedly one of the most lucrative and profitable business destination. Analysts project that industries, agriculture, resources, and infrastructure – together could generate as much as $2.8 trillion in revenue for African countries annually by the year 2025 – or $1 trillion more than what it generates today. Africa’s collective GDP, at over $1.5 trillion in 2020, is now roughly equal to the large economies of Brazil or Russia. While Africa’s increased economic momentum is widely recognised, less known are its sources and likely staying power.
Africa and Dubai: Partners in Trade
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Many international businesses which are interested indeveloping their market in the Middle East have been lured by some attractive features offered by Dubai. The sheer size of the market in Dubai has been increasing at a steady pace. Although the United Arab Emirates has a relatively smaller population than other Middle East countries, its total imports have been registering a steady growth with the passing of each year. The impressive performance can be attributed to the fact that Dubai has emerged as the major re-export centre for the entire Middle East region.
Addis Ababa: The 'Dubai' of Africa
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Addis Ababa loosely translated means a ‘new flower’ and the capital city of Ethiopia is in many ways blooming like a flower. Known as the home to the African Union, formerly the Organization of African Union (OAU), Addis Ababa is the largest city in Ethiopia with a population of over 2.5 million and is often referred to as the capital of Africa because of its historical diplomatic and political significance to the African continent.
Business Benefits of East African Union
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The East African Community (EAC) is the regional intergovernmental organisation of Burundi, Kenya, Rwanda, Tanzania and Uganda, with its headquarters in Arusha, Tanzania. The EAC aims to create a prosperous, competitive, secure, stable and politically united East Africa; and the Mission is to widen through increased competitiveness, value added production, trade and investments.The EAC countries established a Customs Union in 2005 and a Common Market in 2010. The next phase of the integration will see the bloc enter into a Monetary Union and ultimately become a Political Federation of the East African States.
EXPORTING GOODS TO TANZANIA
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For exporting goods to Tanzania, there are some formal governmental procedures to be taken into consideration. The following document will describe the procedures that have to be passed and it will also state what is required from you at the different stages. Unless the following guidelines are cautiously and timely followed up there will most certainly be delays in shipment of goods which will consequently result to late clearance and delivery of the goods to the final customer.
India-Africa Trade: Gaining Momentum
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India has been actively promoting trade with Africa in recent years. To boost the country’s trade with the Sub-Saharan African region, the Government of India launched the “Focus: Africa” programme under the EXIM Policy. Target countries identified during the first phase of the programme include Mauritius, Kenya and Ethiopia. The Government of India provides financial assistance to various trade promotion organisations, export promotion councils and apex chambers in the form of Market Development Assistance under the “Focus: Africa” programme.