DP World operates nine ports in Africa, including a 30-year concession agreement to run and upgrade Dar es Salaam port in Tanzania. Unsplash
DP World operates nine ports in Africa, including a 30-year concession agreement to run and upgrade Dar es Salaam port in Tanzania. Unsplash
DP World operates nine ports in Africa, including a 30-year concession agreement to run and upgrade Dar es Salaam port in Tanzania. Unsplash
DP World operates nine ports in Africa, including a 30-year concession agreement to run and upgrade Dar es Salaam port in Tanzania. Unsplash


The UAE can act as a catalyst to harness the promise of Africa


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August 27, 2024

The town of Boundiali in the north-west of Cote d’Ivoire is a seven-hour drive from the economic capital Abidjan. Located on a large plateau, it is surrounded by extensive plains that are dotted with trees and farmlands, many of them given over to the region’s principal crops of cotton, cassava and rice. This community of less than 50,000 may not, on the surface, appear to be a natural magnet for foreign direct investment but it is the site of the UAE’s latest contribution to West Africa’s economic development.

Last month, I joined Cote d’Ivoire’s Prime Minister Robert Beugre Mambe in Boundiali to inaugurate a state-of-the-art cashew processing facility owned and operated by Pan African Agro Commodities Holding Limited, an entity incorporated in Abu Dhabi Global Market with the aim of expanding the continent’s agricultural sector. Its daily processing capacity of 100 tonnes will increase the production of the nation’s second-most important export product and support more than 4,000 jobs along the value chain – the vast majority outside the main metropolis. Once fully up and running, the project will confirm the UAE’s status as the largest external job creator in the country.

This is emblematic of the UAE’s investment strategy in Africa: from Cairo to Cape Town, Morocco to Mozambique, we are seeking partnerships capable of fostering opportunity, supporting diversification, increasing economic and energy independence and delivering long-term, sustainable growth. This means enhancing the export potential of primary and secondary industries such as agriculture, mining and manufacturing and ensuring the development of tertiary industries such as finance, information and communications technology, logistics and professional services. The UAE is using the longest possible lens to see reciprocal benefits available in Africa.

The UAE is using the longest possible lens to see reciprocal benefits available in Africa

In recent years, the scale of our investments has matched the scope of our ambition. In 2023, the UAE’s total commitment to the continent was $44.5 billion, which was not only the most by any foreign nation but twice the amount of the next highest investor, China – and seven times more than the figure committed by the US. Last year’s investment alone helped create more than 18,000 jobs, with renewable energy and infrastructure among the most prominent sectors.

Indeed, renewable energy is one area in which the UAE is driving the most tangible change. At Cop28 in Dubai in November 2023, Masdar signed projects with six nations as part of a $10 billion commitment to provide 10GW of clean energy in Africa by 2030, which will help provide access to electricity for the nearly 50 per cent of sub-Saharan Africans who currently lack it. They include solar projects in Angola and a collaboration to expand the geothermal energy capacity in Kenya. Just this month, Dubai’s AMEA Power announced an agreement to build, own and operate Aysha Wind 1, a $620 million solar wind farm in Ethiopia that will power more than 4 million households.

Logistics is another priority sector that can unlock Africa’s potential, by enabling the export of key products and adding value with capabilities such as manufacturing, processing and assembly. DP World operates nine ports in Africa, the most recent being a 30-year concession agreement to run and upgrade Dar es Salaam Port in Tanzania. In 2022, the company also bought South Africa’s Imperial Logistics for $890 million, which operates in 26 countries across Africa and Europe. In the same year, AD Ports completed its first international acquisition, buying a controlling stake in Egypt’s Transmar Shipping and Transcargo International Company and enabling it to penetrate the important North Africa and Red Sea regions.

We are also facilitating joint ventures in other vital sectors such as agriculture, including the cultivation of rice and avocados in Angola, real estate in Egypt and South Africa, and education, in particular an initiative to train five million coders in Ethiopia. Emirates airlines flies to 22 African cities and that direct connectivity is crucial to opening up business networks, investments and tourism.

People might see these investments as high risk. We believe it’s entirely the opposite. While there is not “one Africa”, this is very much a continent that is brimming with optimism, where forward-thinking governments are developing the policies and ecosystems that will deliver the opportunities their people crave. This is a continent whose population is set to reach 2.5 billion by 2050, with a growing middle class that will unlock $3 trillion in consumer spending by 2030. Africa has two thirds of the world’s arable land and an abundance of raw materials – copper, lithium and cobalt – that are essential to energy transition objectives. One of the biggest risks for the UAE lies in not investing enough in Africa.

The same conviction is behind the expansion of our Comprehensive Economic Partnership Agreement programme into Africa. A few weeks ago, we signed a CEPA with the island nation of Mauritius, which will accelerate bilateral, non-oil trade by removing tariffs, enhancing market access to services, aligning customs procedures and creating new pathways for investments and small and medium enterprise collaborations. It follows the agreement of Cepa terms with Congo-Brazzaville and Kenya, which promise productive partnerships in energy, food security and mining.

Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Maneesh Gobin, Minister of Foreign Affairs, Regional Integration and International trade of Mauritius, finalised the terms of a Cepa deal in Mauritius. Courtesy: Dubai Media Office
Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Maneesh Gobin, Minister of Foreign Affairs, Regional Integration and International trade of Mauritius, finalised the terms of a Cepa deal in Mauritius. Courtesy: Dubai Media Office

Importantly, as our trade network expands, these CEPAs will also help businesses across the continent to better connect to global markets, increasing their export potential, driving new capabilities and elevating their competitiveness.

While the world talks about deglobalisation and fragmentation, we believe Africa can be a new hub for growth and innovation. It can not only bridge the major economic blocs across Asia, Europe and North America, but also emerge, thanks to the African Continental Free Trade Area, as a major force in its own right – one that will have a major role in the global economy in the decades ahead.

We see our role as a catalyst – and, ultimately, a champion of that growing influence.

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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Juventus v Napoli, Sunday, 10.45pm (UAE)

Match on Bein Sports

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Results

6.30pm Madjani Stakes Rated Conditions (PA) I Dh160,000 1,900m I Winner: Mawahib, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)

7.05pm Maiden Dh150,000 1,400m I Winner One Season, Antonio Fresu, Satish Seemar

7.40pm: Maiden Dh150,000 2,000m I Winner Street Of Dreams, Pat Dobbs, Doug Watson

8.15pm Dubai Creek Listed Dh250,000 1,600m I Winner Heavy Metal, Royston Ffrench, Salem bin Ghadayer

8.50pm The Entisar Listed Dh250,000 2,000m I Winner Etijaah, Dane O’Neill, Doug Watson

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10pm Handicap Dh160,000 1,600m Winner Sea Skimmer, Patrick Cosgrave, Helal Al Alawi

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Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March

Play starts at 9.30am

T20 series

1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March

TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube

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In the box: iPad mini, USB-C cable, 20W USB-C power adapter

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

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Roma 4
Milner (15' OG), Dzeko (52'), Nainggolan (86', 90 4')

Liverpool 2
Mane (9'), Wijnaldum (25')

The 12

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

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Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
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- loss of confidence and appetite

- irritability and emotional outbursts

- sadness

- persistent physical ailments such as headaches, frequent infections and fatigue

- substance abuse, such as smoking or drinking more

- impaired judgement

- excessive and continuous worrying

- irregular sleep patterns

 

Tips to help overcome burnout

Acknowledge how you are feeling by listening to your warning signs. Set boundaries and learn to say ‘no’

Do activities that you want to do as well as things you have to do

Undertake at least 30 minutes of exercise per day. It releases an abundance of feel-good hormones

Find your form of relaxation and make time for it each day e.g. soothing music, reading or mindful meditation

Sleep and wake at the same time every day, even if your sleep pattern was disrupted. Without enough sleep condition such as stress, anxiety and depression can thrive.

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Price, base / as tested: Dh276,675 / Dh346,800

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The biog

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Oppenheimer
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One in nine do not have enough to eat

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.

One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.

It is currently estimated that one in nine people globally do not have enough to eat.

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.

 

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Updated: August 28, 2024, 9:39 AM