Browsing: United Arab Emirates (UAE)

• Kenya Airways Cargo introduced a pair of Boeing 737-800 converted freighters two months ago to expand its cargo capacity.
• Kenya Airways will also resume direct passenger flights between Nairobi and Mogadishu starting 15th February 2024.
• KQ already operates the passenger version of the 737-800.

Kenya Airways Cargo (KQ Cargo) has expanded its route network to include direct cargo flights between Sharjah in the United Arab Emirates (UAE) and Mogadishu in Somalia.

The new route will be served weekly, effective 09th February 2024, and is expected to grow to two (2) weekly frequencies in April 2024. KQ Cargo has partnered with GSA Global Cargo LLC, a global cargo sales and service agent based out of UAE, as the cargo logistics partner to service the route.

KQ Cargo recently increased its freight capacities with the entry into service of a B737-800F, which offers an extended range, connecting vital cargo hubs and opening …

• Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.
• Establishing a streamlined commerce corridor connecting East Africa and the Great Lakes region is a fundamental plank of DP World’s overall strategy.
• DP World seeks to regulate and strengthen African trade by tackling the difficulties of logistics and storage with cutting-edge digital solutions.

Dubai Ports World in Africa

As the Africa Continental Free Trade Act ushers in a new era of African trade, a significant participant rises from the Arabian Peninsula. Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.

The story’s action begins in one of East Africa’s thriving harbours. The vast potential of the Kenyan ports of Mombasa, Lamu, Kisumu, and Naivasha has …

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.…

The Ministry of Economy and Finance of the Republic of Mozambique and the Khalifa Fund for Enterprise Development, KFED and signed a $25 million Memorandum of Understanding (MoU), to support entrepreneurship and innovation projects for women and the youth.

The chairman Khalifa Fund for Enterprise Development, Hussain Jasim Al Nowais, and Adriano Afonso Maleiane, Mozambique’s Minister of Economy and Finance signed the MoU in the presence of UAE Ambassador to Mozambique, Khaled Ibrahim Shuhail and other of officials from both sides.

During the five-year as per the Mou, Hussain Al Nowais said the agreement will provide funding for 4,800 projects which will generate 11,000 job opportunities.

‘Some 40 per cent of the targeted projects will be to empower women, while the remaining will be allocated for other members of the remote and poor communities,’ he explained.

Hussain emphasized the importance of creating opportunities for the women and youths to realise …

UAE has prioritised its relations with African countries based on mutual respect and common interests in order to achieve their country’s goals for development, progress and prosperity said his Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi.

Over the past years, UAE has made progress in this goal deepening its overall relations with African countries, he added.

Sheikh Mohamed bin Zayed made this statement during a meeting at the Emirates Palace with Roch Marc Christian Kabore, President of Burkina Faso, who was visiting the country.

Also Read: UAE targets Kenya in a new chamber partnership

During the meeting, both heads of states discussed their bilateral relations and ways of improving and developing them in various areas. They also discussed the situation in the Middle East and Africa and regional and international issues of common concern.

The Emirati leader further added that the relations between the UAE …

Trade and investment between Kenya and the United Arab Emirates is set for a major boost after chambers of commerce from the two countries reached a new agreement.

The Sharjah Chamber of Commerce & Industry and Kenya National Chamber of Commerce and Industry have signed an MoU to open a satellite trade office in the United Arab Emirates.

READ ALSO:Kenya seeks mineral market in the United Arabs Emirates

The agreement will enable and provide strategic bilateral cooperation between the business communities in Kenya and UAE with an objective to foster cooperation in trade, investment, joint activities, information and services and trade policy support programmes.

The agreement was announced at the UAE-Kenya Trade and Investment Forum where Kenya hosted a delegation of over 20 top companies from the United Arab Emirates.

READ ALSO:UAE tightens its grip over Zanzibar

The Forum organized by Sharjah Chamber of Commerce & Industry and …

The forthcoming Global Business Forum Africa (GBF Africa) in Dubai will feature 40 prominent speakers and 26 interactive sessions.

Among the high-level participants headlining the event are the presidents of Liberia, Zimbabwe and Seychelles and Reem Al Hashimy, Minister of State for International Cooperation and Director-General of Expo 2020 Dubai.

The President of Liberia H.E. George Weah will lead a session entitled “Unleashing Liberia’s Potential” where he will discuss his plans to unlock growth prospects for Liberia and opportunities for young entrepreneurs to become key contributors to the economy.

H.E. Emmerson Mnangagwa, President of Zimbabwe, will join a discussion focusing on potential opportunities to revitalise Zimbabwe and the role that entrepreneurs and investors can play in addressing pressing challenges such as power shortages, water and fuel. He will also venture in the topics of food security, healthcare and job creation. (www.utahcnacenters.com)

H.E. Danny Faure, President of Seychelles, …

United Arab Emirates (UAE) has been strengthening its presence in Mozambique with it becoming the third-largest exporter of diverse products to Maputo in 2018.

The UAE investment level approved by the Agency of Investment and Export Promotion (APIEX) reached over $1 billion between 2014 and 2018, with 20 companies from the UAE investing in Mozambique market.

Abdulla Momade, representative of the Dubai Chamber of Commerce in Maputo said that their investments in Mozambique have focused on energy, logistics and real estate.

Looking at commercial transactions, the volume of trade between Mozambique and the United Arab Emirates is reported to be around US$700 million. In 2018 alone, trade between the two countries was US$500 million.

Also Read: Qatar Airways plans to buy shares from RwandAir

The Persian Gulf country exports to Mozambique products such as lubricants, various machinery and motor vehicles while it buys from Mozambique ores, tobacco, aluminium, precious stones …

Dubai sits at the crossroads of Africa, the Middle East, Asia and Europe. To say that this is a strategic location would be a major understatement. This city is an incredible story of entrepreneurial success and has become an inspiration for African countries and other developing nations across the globe.

In anticipation of the 2019 edition of the Global Business Forum Africa in Dubai (GBF Africa), FurtherAfrica had the privilege of talking to the man leading an institution that plays a fundamental role in supporting the development of Dubai’s business community. His Excellency Hamad Buamim, President and CEO of Dubai Chamber of Commerce and Industry has been at the helm of the non-profit public organisation since 2006. International expansion is a major focus for Dubai Chamber which operates 10 representative offices around the world, including 4 in Africa.

Since it began building its presence in Africa, the …