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Tanzania has always run on a wider and richer path of reliable business partners, and the United Arab Emirates (UAE) is one of them. The two countries have been engaging in a number of diplomatic and economic operations since 1974, and they have built a healthy partnership. 

With the new administration led by President Samia Suluhu, which is strictly focused on opening and building strategic partnerships with other countries, the UAE and Tanzania could foster more tangible business relations, from the extractives sector to tourism and hospitality. 

The new administration is now streamlining deliberate efforts to promote tourism and industrial development to create more jobs and improve the national economy. 

At the moment different top-tier investing parties have showcased their confidence in Tanzania, including Africa’s wealthiest man, Aliko Dangote, who plans to construct a fertilizer factory {The Citizen}. 

The UAE holds nearly 10 million people and stands on a $421

Oil exploration site in Bulisa district. Uganda has made positive strides towards commercialising its crude oil. www.theexchange.africa

Just three decades ago, Dubai was a little more than a desert with patchworks of settlements and limited infrastructure. However, the country was timely in exploiting the opportunities offered by the oil boom in the United Arab Emirates (UAE). This strategy produced unprecedented wealth for the small Gulf nation.  

As mentioned, oil is a limited resource and with this in mind, Dubai's ruler Sheikh Maktoum bin Rashid Al Maktoum and his successor, Mohammed bin Rashid Al Maktoum, put into effect a plan that is turning the city into the world's top tourist destination. …

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UAE Africa relations

Commenting on Africa’s participation at the conference and the continent’s development in general Egypt’s representative at Expo 2020, Ahmed Maghawry Diab, who is also an official from the country’s Ministry of Trade and Industry said, "...the world has started to look at Africa and rediscover it…the continent has a lot of difficulties, but it has also started to develop."

Another optimist for the continent’s development and what it has to offer is Dr. Levi Uche Madueke, Head of the African Union (AU) Strategic Partnerships Office and AU Commissioner General for Expo 2020 said, “…Africa is undergoing a dynamic socio-economic and political transformation. There is a lot happening on the continent but the world is yet to hear all about it. It is time to take charge of Africa’s narrative and reclaim its rightful place in the global arena.”…

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Children using a smoky lamp to study. More than 50 per cent of Sub-Saharan population is without electricity. www.theexchange.africa

More than half of Sub-Saharan Africa’s population still does not have access to electricity according to a March 2020 report by the IMF. This means that the potential of the energy sector in Africa is immense since industry, education, healthcare and many other aspects of the economy cannot be fully exploited without power. 

In addition to inadequate power, those in Sub-Saharan Africa (SSA) have to pay on average nearly twice as much for electricity in comparison to consumers elsewhere in the world.  Even with power for the 50 per cent of the population, power shortages cost the continent an estimated 2 to 4 per cent of GDP a year.  …

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Dubai

With the sixth edition of the Global Business Forum Africa event series set to run this year from October 13–14, 2021 in the United Arab Emirates (UAE), businesses from Africa are increasingly looking at Dubai as a gateway for them to expand into markets across the GCC, Asia, and Europe.

Dubai’s focus on the African continent has been evident through GBF Africa, which aims at bringing the trade and investment community back together to explore bilateral trade opportunities between Dubai and Sub-Saharan Africa.

This year’s Forum is held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

UAE has served as a hub that global businesses have used to launch and run their operations in the African continent for a number of years now.

According to  Dubai Chamber of Commerce and Industry’s Director of …

Dubai's food and beverage trade with Africa

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 …

Emirates to expand flights from south africa

In a statement issued today, the United Arab Emirates [UAE] flag carrier Emirates has announced its plans to Increase flights from South Africa to 28 weekly flights starting next month.

This is good news to investors, business community and tourists as Emirates will provide more options for those wishing to visit Dubai or travel to one of the airline’s other 120 destinations across the world.

Furthermore, IATA’s latest world transport statistics showed that Emirates was the largest airline in the world during the unprecedented year of 2020. Over the 12-month period, the UAE national airline carried 15.8 million passengers.

While still a far cry from the numbers of 2019, Dubai-based airline Emirates handled nearly 1.2 million passengers at its hub over July and August.

This is close to triple the digits of 402,000 customers during the same period in 2020. Meanwhile, the airline has used the incentive of the pandemic …

Qatar Airways makes entry to Zimbabwe

Qatar Airways made its inaugural flight into Harare this week on sixth opening Zimbabwe to a major airline hub and showcasing its confidence in the Second Republic’s efforts to transform the economy.

Zimbabwe is now connected to the massive hub airport at Doha with all its connections around the world. The new routes were the airline’s fifth and sixth destinations in Africa since the outbreak of the Covid-19 in December 2019.

This agreement will see Qatar Airways fly to Harare three times a week from Doha using a Boeing 787 Dreamliner.

In lauding this great infrastructural development project, through his representative, and the Principal Director in the Ministry Mr. Allowance Sango at Robert Gabriel Mugabe International Airport, Transport and Infrastructural Development Minister Felix Mhona said that Zimbabwe and Qatar have had good relations and given that the Middle East country has expressed interest in cooperating in critical sectors for the …

UAE Emirates Airlines

 

UAE based Emirates Airlines has inked an agreement with Airlink which has paved way for it to enter the Southern African market. The pact with regional airline Airlink is part of Emirates ongoing major expansion in the region even though the Dubai-based company has been cutting off various routes around the World owing to the Covid-19 threat.

The development comes but weeks after South Africa’s state-owned airline, South African Airways, failed to raise the $591 million it needed to bail itself out of the corruption and mismanagement allegations that it was facing.

Earlier this year in June, the SA government had issued a statement that it would step in to bailout the company but on September 30th, media was ablaze with reports of the company shutting down its doors, pending government intervention.

With such a big player out of the picture, it only makes sense that Emirates, …

Its 200 Golden Residency Visas in Dubai for African investors

Last year, during the Dubai Africa Summit in Dubai, African leaders were entertained with various proposals on how to promote trade and commerce with the United Arab Emirates. The meeting sought to increase the influence of the Arabian country in Africa including private business ventures as well as intergovernmental relations.

During this event last year, UAE announced that it expects its non-oil trade to exceed AED 1 trillion for the period extending from 2011 until the end of 2019. Dubai Chamber of Commerce and Industry also announced that it has signed a memorandum of understanding (MoU) with the General Directorate of Residency and Foreigners Affairs (GDRFA) and Dubai Free Zone Council to launch the “Be Part of Dubai” initiative which will see 200 prominent African investors receive UAE Golden Residency Visas.

This trend is catching up with Dubai 2020 commencing at the Africa Union summit. The UAE’S Consortium for Africa