Trending
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
- Powering Africa: Africa’s Path to Universal Electricity Access
- Global investment trends at AIM Congress 2024: a spotlight on the keynote speakers
- South Africa’s deepening investment ties in South Sudan oil industry
- Agribusiness could drive Africa’s economic prosperity
- Dawood Al Shezawi: Why AIM Congress 2024 is the epicenter of global economic and cultural dialogues
- d.light’s 600,000 cookstoves project verified as top source of quality carbon credits
- Artificial intelligence (AI) could create a turning point for financial inclusion in Africa
Browsing: Beverage and food
The Dubai-Africa trade is slowly gaining momentum at awakening speeding with Africa presently emerging as one of the most important markets for the United Arab Emirates.
In the latest analysis by the new Dubai Chamber, the Dubai-Africa trade has shown significant growth in Dubai’s food and beverage trade, excluding tobacco, that has reached $13.9 billion during the period of 2015-2020.
This sector has been identified as a key factor expected to drive bilateral trade in the short-term.
According to the new Dubai chamber report, In 2020 the value of food and beverage trade (excluding tobacco) between Dubai and Africa amounted to $2.4 billion in food and beverage trade, marking a growth rate of 18 percent compared to the previous year and the highest level since 2017.
ALSO READ: Emirates to expand flights from South Africa to 28 weekly
Dubai’s food and beverage trade with Africa accounted for around 13% of …