African Buyers Investing in Dubai Real Estate

African buyers are snapping attractive deals in Dubai's fast-changing real estate market. Investors from Nigeria, for instance, have been among the top buyers of property in Dubai from Africa.  African investors buying property in Dubai range from those fleeing high interest rates or economic uncertainty to super rich VVIPs, who include Africans looking for a safe haven for their money or to relocate to a safer and more attractive...

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The Market for Automotive Batteries in Africa

As Africa’s automotive market opens new opportunities for international companies, the demand for automotive batteries in Africa is expected to grow exponentially in the coming years.  Africa automotive battery market is valued at roughly $ 2.3 billion in 2023 and is expected to grow at more than 5% per annum for the next five years. Factors responsible for this drastic increase in demand for automotive batteries in Africa can...

Automobiles Sector Read more...

Africa's Coffee Industry: Investment Opportunities

Coffee is big business – it is estimated that over 2 billion cups of coffee are consumed around every day around the world. According to rough estimates, over 140 million bags of coffee beans are traded internationally.  Coffee trade is worth over $16 billion globally – making coffee one of the most traded commodities in the world after crude oil. In many developed nations, coffee is no more a luxury drink but a...

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Zimbabwe Legalises Cannabis Farming to Boost Economy

Zimbabwe has legalised cannabis cultivation and has withdrawn laws requiring sole state ownership for cannabis farming in an effort to encourage investment in cannabis cultivation for industrial and medicinal uses. Demand for cannabis is projected to grow worldwide while tobacco output is expected to decline 15% by 2030, according to Meanwell Gudu, the CEO of Zimbabwe’s Tobacco Industry and Marketing Board. “One of the alternative...

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Ghana Roundtable Meeting in Dubai: Showcasing Ghana's Potential

Ghana is making concerted efforts to consolidate its growing bi-lateral trade ties with the United Arab Emirates in a bid to further diversify its economy and attract Foreign Direct Investments (FDI) into its various industrial and agricultural sectors. Towards this end, the Ghana Investment Promotion Centre (GIPC) in collaboration with Ghana’s Ministry of Trade and Industry, and the Embassy of Ghana in the United Arab Emirates...

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Botswana Tourism Targets Middle East Markets at Expo 2020 Dubai

Amidst optimism and hope in reviving the tourism sector, Botswana Tourism organised a press briefing to announce the Botswana Tourism Month at the Expo 2020 Dubai. Set to be on display until the 8th  of February 2022, the one-of-a-kind showcase promises to highlight the Southern African country as a globally competitive force in tourism with a rich natural resource base and investment potential. The event will showcase Botswana’s...

Southern Africa, Tourism Read more...

Africa's Booming Gold Trade

In another instance of the African awakening, efforts are now underway by several African governments to keep a stricter control on the African continent’s large gold deposits and mineral wealth. The aim is to to add value to African minerals before exporting them. Over the years, many African countries have been exporting a wide variety of minerals and other natural resources to earn much needed foreign exchange to boost their...

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DP World to Develop Ethiopia's Berbera Corridor

DP WORLD has signed a Memorandum of Understanding (MoU) with Ethiopia’s Ministry of Transport to develop the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade and logistics corridors of the country's international trade routes.
 
DP World and its partners are expected to invest up to US$1billion over the next ten years in developing the supply chain infrastructure along the...

East Africa Read more...