The United Arab Emirates (UAE) is emerging as a significant source of foreign investment in Africa as China steps back and reduces its financial commitments to the continent. In 2022 and 2023, the UAE pledged $97 billion in new investments across sectors such as renewable energy, ports, and mining. A UAE official tells the FT that the total investments into Africa amount to $110 billion. The UAE's involvement in Africa brings new layers of complexity.
(Read this story until the end) UAE influence in Africa rising A UAE official tells the @FT that its total investments into Africa amount to $110 billion. The UAE is not playing by any rule book in Africa, the report alleges https://t.co/i2kflPD16Z
The UAE’s rising influence in Africa https://t.co/8hBzf54gRy
The UAE’s rising influence in Africa: As China steps back, the oil-rich Gulf state has become an important source of foreign investment — but with fresh layers of complexity. (Financial Times) https://t.co/2LSmwUbg1K
🇮🇳🇦🇪BRICS Buddy Up? UAE Seeks Closer Ties With India Abu Dhabi wants to expand the range of trade and services covered under the Comprehensive Economic Partnership Agreement with Delhi to give a boost to trade volume, a senior UAE official has said. Critical minerals and… https://t.co/ipmZbMuA6y
Billions worth of African gold smuggled to UAE yearly: report ⬇️ https://t.co/QV7XREtIu6
"A UAE official tells the FT that its total investments into Africa amount to $110bn" https://t.co/kzL0zbOwVj
As China has rolled back loans to Africa, the oil-rich United Arab Emirates has become an increasingly important source of foreign investment https://t.co/XCiFy3WUdi https://t.co/STu4xZ8wh9
The UAE’s rising influence in Africa. As China pares back loans to Africa, the oil-rich Gulf state has become an increasingly important source of foreign investment. In 2022 and 2023, the UAE pledged $97bn in new African investments across renewable energy, ports, mining, real… https://t.co/CBtrruVdB9
The UAE’s rising influence in Africa As China steps back, the oil-rich Gulf state has become an important source of foreign investment https://t.co/S43Pnd0Ibt