• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

UAE joins China and the West in the scramble for Africa business

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
52
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

UAE joins China and the West in the scramble for Africa business

The United Arab Emirates (UAE) has jumped on the bandwagon of world powers vying for commercial dominance in Africa, aiming to sell its goods to some of the 1.2 billion people living there.

The UAE is the largest provider of foreign direct investment (FDI) for Africa among the Gulf Cooperation Council (GCC) states, according to the most recent study by the property consulting firm Knight Frank. The UAE continues to concentrate on the continent’s high-growth sectors, including infrastructure, energy, transport, logistics, and technology.

After China, Europe, and the US, the UAE has become the fourth-largest investor in Africa over the past ten years, according to White&Case, a worldwide legal company with offices in New York that represents businesses, governments, and financial institutions.

Due to the US, India, Russia, and China’s impact on the continent, as well as Abu Dhabi’s rise, there will be greater rivalry in the African market.

Between 2012 and 2022, FDI flows from the GCC (Bahrain, Kuwait, Oman, Saudi Arabia, and the UAE) states to Africa totaled $101.9 billion on 628 projects, whereas FDI flows from Africa to the GCC states totaled $3 billion on 141 projects, according to White&Case.

FDI from the UAE to Africa totaled $59.4 billion during the time, with Saudi Arabia coming in second ($25.6 billion), followed by Qatar ($7.2 billion), Kuwait ($5 billion), and Bahrain ($4.2 billion).

Africa is quickly growing as one of Abu Dhabi’s major markets. In 2021, Abu Dhabi spent $5.6 billion on 71 projects on the continent, with The Agtech Park in Egypt ranking as the most significant.

India is likewise attempting to influence trade on the continent. For instance, in 2022 India organized a two-day investment conference in New Delhi that included around 40 African officials from 17 different countries to talk about how India and Africa might better improve trade and investment.

Tags: Chinaforeign direct investment (FDI)UAEUAE joins China and the West in the scramble for Africa business
No Result
View All Result

Highlights

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

IMF Says Good Policies and “Good Luck” Helped Emerging Economies Better Resist Shocks

Trending

Features

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale Barrick Mining announced that it has agreed...

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

October 7, 2025

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Inflation is Falling, But the Relief isn’t Uniform

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.