Nigeria: Economic Recovery Will Open New Business Opportunities

New economic measures adopted by the recently re-elected government of Muhammadu Buhari will try to expand Nigeria's economy away from oil income dependence and focus on consolidating Nigeria's manufacturing base – thereby opening new business opportunities for overseas suppliers and investors. Nigeria's population and gross domestic product is projected to reach 399 million people and cross $3.3 trillion by 2050. However,...

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Africa: Ripe for Business: Export to Africa and Reap the Benefits

Currently, 6 of the world’s 10 fastest growing economies are in Africa, and the ease of doing business in Africa is improving to the extent that a good number of countries (including South Africa, Ghana, Mauritius and Tunisia) now outperform China, India, Brazil and Russia. In addition, FDI inflows to Africa have demonstrated year-to-year growth since 2010 and now amount to US$ 50 billion. The key reasons behind this growth surge...

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Kenya Aims To Boost Meat Exports

Kenya plans to boost its meat exports by investing in state-of-the-art slaughterhouses that meet international quality standards. This was announced by none other than President Uhuru at a recent meeting with government officials and business owners recently. “We will begin with the export of live animals but in two years, we should have our own export slaughterhouse. My vision is to revive this important sector,” said President...

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How to Export to African Countries

In times of economic meltdown, planning which markets of the world to target for exports, the continent of Africa doesn’t always come top of the list. In fact, rarely. Part of that is down to preconceived opinions about the continent. Constant images of war and starvation don’t always make a business believe there are riches to be earned from business dealings on the continent. However the truth is that the economic situation...

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Cryptocurrency: The Start of an African Economic Renaissance

Cryptocurrencies and blockchain assets are the newest and potentially most promising new asset class.
Cryptocurrencies are gradually being discovered in Africa. In countries like South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria, there is a semblance of digital currencies, primarily bitcoin, taking roots. Blockchain or DLT (Distributed Ledger Technology) can be seen as the solution for Africa’s current...

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DP World to Build and Operate New Logistics Hub in Mali

Mali Logistics Hub to fuel trade in west Africa with simplified procedures and paperless transactions Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali. The multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and...

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Entrepreneurs’ role in bolstering Africa-GCC economic ties

Dubai, UAE – The Dubai Chamber of Commerce and Industry’s efforts in backing small and medium enterprises in Africa have led to further Gulf Cooperation Council (GCC) investment in the continent, concluded the Economist Intelligence Unit (EIU) report, “New Horizons: Next generation Africa-GCC business ties in a digital economy”. Sponsored by the Dubai Chamber and launched in preparation for the 4th Global Business...

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New generation of leaders driving Africa’s next phase of growth

A new generation of leaders is driving Africa’s next phase of growth, says Ghanaian Vice President Dubai, UAE: A new generation of leaders is playing a key role in driving change and economic growth in Africa, H.E. Dr. Mahamudu Bawumia, Vice President of Ghana told delegates during the Global Business Forum on Africa 2017 in Dubai. The high-level forum, organised by the Dubai Chamber of Commerce and Industry, took place at...

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