UAE-Africa trade may reach $30 bn in 2013

Nairobi, June 28 (IANS) Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here.

This will represent a 27 per cent increase in bilateral trade from the previous year, the UAE ambassador to Kenya reported Xinhua citing Abdulrazak Hadi as telling reporters Thursday.

“Due to Africa’s fast growing economies, we expect total bilateral trade between UAE and Africa to hit $30 billion in 2013,” Hadi said during a UAE trade mission to Kenya and Tanzania between June 23-29.

The visit comes after high level talks between the two nations following the inauguration of Kenya’s new government two months ago.

Senior UAE government officials and more than 25 UAE companies will visit the region to explore trade and investment opportunities.

Statistics from the trade ministry indicate that Kenyan imports from the UAE exceeded exports by approximately $630 million in 2012.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.