Dubai is surely well positioned to be a staging post for the commercial relationship between Africa, Asia and Europe. A Relationship that was historically built on trades of commodities and currently matured into other aspects, including flow of capital and know-how from Dubai, as foreign direct investment into Africa.
As an example, the total non-oil trade between Africa and the UAE is currently valued at about US$24 billion, a number which has grown by 700 percent over the last 10 years, according to the Dubai Chamber of Commerce.
Furthermore, there are 17 bilateral investment treaties between Gulf and Sub-Saharan countries to improve confidence and strengthen guarantees in promoting direct investment (UN Conference on Trade and Development records).
Despite its small size, Djibouti is strategically located along major global maritime shipping lines. Market connectivity to mainland Africa’s fastest growing economy (Ethiopia), financial linkage to affluent states of the Golf region (UAE, Qatar and KSA) combined with a promising infrastructure boom.
The adopted long-term strategic framework by the government, Vision Djibouti 2035, to move the country to an emerging status by 2035 is a useful instrument for international partners and investors.
Synergy’s work with commodities traders, logistic operators and Djibouti Free Zone and Ports Authorities would emphasize the development of innovative, value added and commodity specific services along this important supply chain corridor.
Driven by expansion in the productive sectors, Kenya’s economy is the largest and most dynamic market in East Africa. It presents continuous improvements on fiscal indicators and an efficient capital market.
We are encouraged by Kenya’s sophisticated entrepreneurship, which is leading to an increased competitiveness in a number of Global Value Chains such as floriculture, textiles and manufacturing. And The overall goal for the industrial sector to increase its contribution to GDP by at least 10% per annum should propel the country towards a more diversified economic base.
Our work in Kenya focuses on assisting small and medium companies at growth stage and operating in the consumer industries, to assist them structure and finance their next strategic project to diversify their product offering, access regional markets or streamline operation.
Ethiopia has the second largest population in Africa, and a projected GDP growth to be the highest in the continent this year, giving the East African country, an average of 10.8% for the past decade.
Continuation of import-intensive public infrastructure investments to sustain the implementation of energy and road transport infrastructure projects are expected to further improve the business- enabling environment.
A growing middle class in the main cities, with an increasing appetite for consumption is fuelling a strong demand for basic products and services.
We are working with regional and local investors in identifying and developing opportunities within the Government strategy to grow the light manufacturing and export-oriented industries under Growth and Transformation Plan II.
One of the most scenic countries in Africa, Tanzania is also the most urbanized, where the majority of economic activities happens in large cities. We are excited to be involved in Tanzania’s private sector as the government continues its privatization policies and departs away from policy focused on aid.
With a growth in real GDP estimated at 7.2% in 2016 driven mainly by strong performance in industry, construction, services, and information and communication sectors, Tanzania one of the best performing and most stable economies in Africa
Tanzania impressive record among countries in Africa on governance is a major strength in combating inequality and building inclusiveness into economic activities. This is also a boost of confidence for investors with a long term horizon and interest is sustainable development.
Synergy Africa is involved with other partners on the ground in projects which capitalizes on the opportunities made possible by the formation of the SAGCOT corridor within the livestock and agricultural sectors