UAE deepens economic and energy partnerships with African nations
The United Arab Emirates is strengthening its relationships with African countries through increased investments, renewable energy projects, and strategic agreements. At the African Union summit in Addis Ababa, Sheikh Shakhbout bin Nahyan Al Nahyan represented the UAE, emphasizing the country's commitment to peace, economic integration, and sustainable development. The UAE has become a major investor in Africa, supporting clean energy and infrastructure initiatives. Key leaders, including President Sheikh Mohammed bin Zayed Al Nahyan, conveyed their support for continued collaboration and prosperity for African Union member states.
TLDR
- The UAE highlighted its growing diplomatic and economic presence in Africa, with 19 embassies in Sub-Saharan Africa and ongoing expansion.
- Between 2019 and 2023, the UAE invested over $110bn in Africa, with more than $70bn focused on energy and renewables.
- Masdar is leading a $10bn Africa programme, and the Etihad 7 initiative aims to expand electricity access to up to 100 million people by 2035.
- The UAE has signed nine Comprehensive Economic Partnership Agreements with African nations, covering trade, services, and investment protection.
- Nearly 40% of the UAE’s foreign assistance, about $20.9bn over the past decade, has gone to African countries, with new priorities including water and climate resilience.
