Africa often engages in international trade with nations like China, the USA, and several other western economies. However, the United Arab Emirate has thrown in its name in the hat as one of the new economic players who has been progressively beginning to gain influence on the continent.
Africa is on track to have a significant urbanization. Cities like Cairo, Lagos, Luanda, Dar es Salaam, Nairobi, and Addis Abeba, which have a combined population of almost 65 million, are prime candidates for foreign investment.
For instance, Dubai’s DP World, a pioneer in global supply chain solutions, seeks alliances that advance employment, local infrastructure, and the GDP of the country. One notable instance is Kigali, Rwanda’s new Road Transport Center for delivery trucks, which has cut waiting times for land transportation from weeks to days. Additionally, it has reduced storage costs, positioning Kigali as an important logistics hub in East Africa and boosting ties between local companies and international markets.
