Browsing: dubai chamber of commerce

Tanzania President Samia Suluhu Hassan with Vice President and Prime Minister of the United Arab Emirates (UAE) and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

Tanzania’s President Samia spearheaded the signing of some 36 MoUs. Of these, 12 were signed by government public institutions, 23 by private sector parties and one by the Revolutionary government of Zanzibar.

The President reassured investors of Tanzania’s favourable business environment. She placed emphasis on the country’s peace and political stability which she said makes Tanzania a unique investment destination where investors will enjoy open doors to invest across all sectors.

She placed a special note on the country’s potential in tourism and hospitality as well as agriculture and energy.

“Tanzania is strategically located and the port of Dar es Salaam is the gate to Africa’s interior,” she added.…

  • Zimbabwe used the Covid-19 opportunity to re-engineer its investment to rise to the occasion.
  • The country was able to utilise its local abilities and opportunities.
  • Zimbabwe’s local industrial sector also witnessed a renewed investment and growth.

Africa suffered major economic impacts as a result of Covid-19. Or is it? Well, most of these impacts are largely a consequence of the preventive measures adopted by the respective African governments to curtail the spread of coronavirus.

Key measures adopted by most countries to curtail the spread include the closing of their frontiers and partial or complete lockdowns of economies which among other things, have seen the temporary closure of businesses, schools and social services.

First, being the last region to register COVID-19 cases, Africa was already experiencing the consequences mainly through its trade links with the European union (EU), United States of America (USA) and China, resulting in
dwindling markets for African …

Africa is also moving to mechanize agriculture offering another avenue for heavy investment for technology-rich UAE. Investing in mechanizing Africa’s farms also goes to investing in the world’s food security and alleviating poverty, all of which are priority UN Sustainable Development Goals (SDGs). 

Then you have the energy and mineral sectors; Africa, and in particular East Africa, has been the site for the world’s most recent offshore oil and gas discoveries. The potential is immense; however, here we must point out the equally lucrative and much more sustainable opportunity to invest in renewable energy. Africa offers vast expanses of huge wind and solar potential that can be harnessed to power the continent and beyond. …

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The Dubai Chamber of Commerce and Industry has been instrumental in enabling Dubai's business sector to move forward, despite the global pandemic. As trade, tourism and innovation play an integral role in Dubai's position as a global hub for commerce and industrialization, it is important to note that the Dubai Chamber of Commerce and Industry has been a vital component in the success of the Emirate. Today, as Dubai has embarked on hosting the World Expo 2020, the leadership is looking at matters associated to sustainability and innovation as key aspects to drive change. 

It is through this vision that the Dubai Chamber of Commerce and Industry is operating. To build bridges with markets that bode mutual benefits and respective comparative advantages to enable greater trade and business opportunities.

Through events such as the Global Business Forum Africa 2021, the Dubai Chamber of Commerce and Industry is building the "Dubai-Africa