Dubai Chamber invests AED 100 million to promote trade and investment opportunities in Africa

Dubai, UAE: The Dubai Chamber of Commerce and Industry has announced that it has invested AED 100 million to raise awareness of trade and investment opportunities in Africa, and promote Dubai as an attractive business hub for companies on the continent. Over the last five years, the Chamber has stepped up its efforts aimed at strengthening economic ties between Dubai and Africa by opening four representative offices on the continent and...

Articles Read more...

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...

Articles, Business Outlook Read more...

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...

Articles, Business Outlook Read more...

Museveni calls for economic and political integration of Africa

Economic integration is key to Africa’s growth and development across all sectors, Yoweri Museveni, President of Uganda, explained as he addressed audiences at the Global Business Forum on Africa in Dubai. During a special head of state session entitled, “Next Generation Africa – Realising the Promise of Integration”, the Ugandan President underlined the importance of education in addressing the challenges facing...

Articles, East Africa Read more...

Africa: The New Hub for Automotive Manufacturing

The automotive manufacturing industry in Africa is growing fast. Automotive production in Africa is growing industry as more and more manufacturers move closer to their African customers and discover the advantages of low-labour costs and tax holidays. Demand for automobile spare parts in Africa is also growing. The automotive production industry in South Africa is nearly 100 years old. In the 1980s and 1990s, Nigeria achieved significant...

Automobiles Sector Read more...

Uganda allots 27 square miles of land to UAE investor

President Museveni has promised to allot 27 square miles of land in Mbarara District to a United Arab Emirates investor to set up model farm in the country. The investor, Dr Ahmad Eltigani Al Mansouri, will bring in new technology to fertilise cows that produce high milk, according to a press release from State House. The President reportedly promised to allocate the free land during a meeting at State House Nakasero. Dr Eltigani had...

Articles Read more...

East Africa to ban import of used cars, clothes

East African countries could ban imports of used clothes and second-hand cars in the next three years, putting an end to a lucrative trade in the region. The EAC directed member countries to buy their textiles and shoes from within the region with a view to phasing out imports. The move follows a decision by the six-nation East African Community – Kenya, Uganda, Rwanda, Burundi, Tanzania and South Sudan – to fully ban...

Automobiles Sector, East Africa Read more...

Cosmetics Market in Africa Undergoing Transformation

The cosmetics market and beauty products market in African is poised for unprecedented growth. African consumers have long been asking for products adapted to their hair, skin and body specificities. Africa remains a largely untapped market where consumers are screaming out for quality products adapted to their specific needs. For example, African skin requires darker shades than make-up lines traditionally offer. Make-up also needs to be...

Cosmetics, Perfumes & Toiletries Read more...