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Africa-United Arab Emirates Trade Up As Much As 27%

Africa-United Arab Emirates Trade Up As Much As 27%

From Business Standard.

Kenya imported $630 million more in goods from the United Arab Emirates in 2012 than it exported, according to statistics from the UAE trade ministry.

Trade between UAE and Africa is expected to increase 27 percent and reach $30 billion in 2013, according to the report.

Abdulrazak Hadi, UAE ambassador to Kenya, spoke to reporters during a UAE trade mission to Kenya and Tanzania 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.

Read more at Business Standard.