Browsing: Global Business Forum Africa 2019

Dubai Chamber of Commerce and Industry has 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.

The MoU, signed at a launch ceremony held on the sidelines of the Global Business Forum Africa 2019 in Dubai, supports ongoing efforts to attract and retain high net worth businessmen from Africa by providing them with an easy and streamlined way to obtain long-term visa residency visas and significantly contribute to Dubai’s economy.

The initiative aims to improve investor confidence in Dubai, by providing more certainty and flexibility for African investors and their families who plan to live or travel to Dubai, while it’s also expected to facilitate and boost investment flows between the emirate and the …

Twiga Food, the Kenyan company which is increasingly getting the attention of key global investors has attributed the growth to the manner it incorporates staff in partial ownership of the company that drives growth.

The company CEO and co-founder Peter Njonjo spoke at Dubai during the Global Business Forum Africa 2019 where African businesses are pitching their ideas to Emirati investors.

Njonjo noted that currently there are 8 people in management who receive stock options and expressed his hope that during their next round of raising capital, they want to increase this number of staff to 30 people.

“Empowering your employees to be entrepreneurs within the business is imperative to its success,” added Njonjo.

When asked what made him leave the comfort of a multinational company to venture into the world of entrepreneurship, Njonjo replied: “It got to a point where there were a good number of investors who were …

African governments are harnessing digital technologies to support ongoing reforms and better serve the interests of citizens, according to industry experts at the Global Business Forum Africa 2019 in Dubai.

Innocent Muhizi, CEO, Rwanda Information Society Authority who spoke during a session entitled Rethinking Government – Working with the New Guard, explained how the government agency partnered with companies to develop an e-procurement platform that handles proposals and contracts and said the government in Rwanda operates like a private sector entity by setting KPIs and working towards ambitious targets.

Hon. David J. Francis, Chief Minister, Republic of Sierra Leone, noted that his country was in the process of creating a “new direction government” built around digital innovation, science and technology. He explained that his department has piloted iPads to reduce stationery, introduced an automated public expenditure policy and expanding internet and mobile coverage, providing real-time data to citizens – …

As one of the leading international centers of business, Dubai has positioned itself as a major commercial hub globally. Entrepreneurship stands as a hallmark of distinction, and the Dubai Chamber of Commerce and Industry has been a leading dynamic in enabling business growth, innovation and expansion, not only within Dubai, but worldwide.

Under the leadership of President and CEO H.E. Hamad Buamim, the Dubai Chamber of Commerce and Industry has been instrumental in expanding relations between the world and Dubai, and this year in November 2019, it will host the upcoming Global Business Forum Africa (GBF Africa).

With more than 17,000 African companies already registered as members of the Dubai Chamber of Commerce and Industry, the upcoming GBF Africa, under the theme of “Scale-up Africa”, seeks to play a critical role in bridging greater business ties between Dubai and Africa. With economic development poised to grow exponentially in the continent …