Browsing: Expo 2020 Dubai

Bilateral relations between the two countries improved after the UAE showed its benevolence. This was by sending aid in response to the Cyclone Idai storm in March 2019. Planeloads of humanitarian assistance were sent to Zimbabwe, which went a long way in helping victims and mitigating the impact of the cyclone. UAE also assisted the Southern African country’s fight against Covid-19 with a consignment of required medical drugs.

Early March, the new dispensation approved the establishment of a commercial consulate in the commercial hub of Dubai. Economic and trade attachés will operate in the consulate. This is an effort to complement investment promotion being done by Zimbabwe’s embassy in the UAE.

In a cabinet briefing published by The Herald on March 17, 2022, Minister of Foreign Affairs and International Trade Ambassador Frederick Shava said the development created an environment conducive to doing business.…

At the Foreign Direct Investments (FDIs) and Foreign portfolio investment (FPIs) Workshops, the countries’ representatives, governments, and cities will gain new insights from renowned industry experts from across the globe that will enrich their experience, thereby enabling them to establish themselves as lucrative opportunities for investment.

At the Foreign Direct Investments (FDIs) and Foreign portfolio investment (FPIs) conference sessions, participants from countries and government departments will be sharing expert insights, best practices, and ideal investment policies. They will also be taking part in the fruitful discussions that specialists from the investment community will lead to explore relevant topics about AIM’s first pillar – Foreign Direct Investment FDI.

At the AIM 2022 exhibition, the best local and international exhibitors across the globe, including the representatives of countries and investors, will gather to achieve economic growth for their respective countries and regions.…

The 2022 edition of AIM will be focusing on the crucial role that Investment Promotion Agencies (IPAs) are playing in the global investment arena.

In collaboration with KPMG, British-Dutch multinational professional services network, AIM aspires to utilize the AIM Global 2022 Investment Awards to recognize the best performing Investment Promotion Agencies IPAs across the globe.

KPMG firms work in 145 countries and territories, with over 236,000 employees. With three lines of services – financial audit, tax, and advisory – KPMG is helping global organizations mitigate risks and grasp opportunities, thus driving positive, sustainable change for clients, people, and society.…

Many investors are getting more and more cautious about the stability of business environments and the risks that come with them.

Small and Medium enterprises are now poised to play a crucial role in stabilizing and fixing the global economy. SMEs substantially outnumber big shareholding companies and create more job opportunities. They are inherently entrepreneurial, substantially contributing to the shaping of innovation globally.

All the creators and participants of the Annual Investment Meeting agree that SMEs are the centre and the life of emerging and developed economies. Small and Medium Enterprises are also critically important for driving global economic growth and achieving global Sustainable Development Goals.…

According to the Mohamed Ali Al Shorafa Al Hammadi, Khalifa Fund, and the Abu Dhabi Department of Economic Development Chairman, the directive of Sheikh Mohamed bin Zayed Al Nahyan to establish a centre for innovation and tech-focused entrepreneurship in Kenya comes as part of the UAE’s ongoing commitment to contribute towards empowering talented innovators and entrepreneurs globally.

“With centres such as these, we provide entrepreneurs with resources, support and guidance to contribute to their local and global economy, bringing about positive economic implications and security,” Al Shorafa said.

He added that the collaboration between the United Arab Emirates and Kenya through the Khalifa Fund would see Kenya having the same levels of achievement as has been experienced in the United Arb Emirates.…

• The cost associated with policy instability and unpredictability is often passed down to consumers
• In 2020, the manufacturing industry in Africa experienced reduced demand and depressed production capacity

The biggest challenge that the manufacturing industry faces in Africa is unpredictable business environments.

This is according to the Chief Executive Officer of Kenya Association of Manufacturers Phyllis Wakianga who says the sector is faced with unpredictable fiscal and regulatory policies that discourage the industry from scaling up their businesses.

She adds that the situation also leads to investors seeking more suitable, predictable and secure markets to relocate their businesses.

“Unfortunately, the cost associated with policy instability and unpredictability is often passed down to consumers, whose spending power has been crippled by the ongoing pandemic,” he says in an exclusive interview.

Wakianga also reveals that such instability is a blow to manufacturers, who are struggling to reduce costs, in a highly uncertain …

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…