Browsing: Expo 2020 Dubai

• Africa’s growth prospects are among the highest in the world according to IMF
• H.E. Sultan Bin Sulayem, Group Chairman and CEO of DP World Group says African countries should work to provide opportunities for business success by enacting legislation, laws and policies to attract major investments.
• He says Dubai is committed to expanding its presence in Africa because of all the ingredients it possesses that stimulate the building of sustainable companies

H.E. Sultan Bin Sulayem, the Group Chairman and CEO of DP World Group speech at the Expo 2020 resonates with the Chinese proverbial saying the best time to plant a tree was 20 years ago and the second-best time is now- contextually put this when he offered insights on what Africa potentially can provide as far as investment and areas of partnership are concerned.

Speaking during a session titled Partnerships for Prosperity, at the Global Business Forum Africa …

• 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 …

The two days much anticipated Global Business Forum Africa that will take place at Dubai Exhibition Centre, Expo 2020 Dubai in October continues to bring African leaders together to partake in the most Impactful session promoted by the UAE’s Dubai, a forward thinking capital and strategic partner thats capable of driving Africa’s transformation.

Heads of state, plus more than 30 ministers, high-ranking government officials and prominent influential business leaders from Africa have already confirmed their attendance in the sixth edition of the Global Business Forum Africa (GBF Africa), which will take place on October 13-14, 2021, at Dubai Exhibition Centre, Expo 2020 Dubai.

This event has been organised by the Dubai Chamber in partnership with Expo 2020 Dubai under the theme “Transformation Through Trade”.

The high-level event is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE …

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.

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Dubai’s food and beverage trade with Africa accounted for around 13% of …

With the multibillion flower export business in Kenya, national carrier Kenya Airways (KQ) and Emirates could make the segment a possible battleground to control freighting the commodity.

Already, Emirates is ahead of the pack in Kenya having freighted 2,000 tonnes of cut flowers from the East African nation through its Emirates SkyCargo in January.

Kenya Airways is also propping up for the general air cargo market of which flowers make up for a sizeable account in Kenya. The national carrier is aggressively moving to consolidate air cargo transport after successfully launching the first direct flight from Nairobi to the US.

With the Expo 2020 Dubai beckoning, Emirates is off to a good start with cut flower transportation from Kenya to its more than 155 destinations globally.

Last year, Emirates SkyCargo transported over 46,000 tonnes of flowers across the world with over 24,000 tonnes, originating from Kenya.

Valentine’s Day flowers demand…

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…