United Arab Emirates joining the jostle for Africa| glObserver Global Economics


“It goes back to around 2007,” the Dubai Chamber of Commerce and Industry’s president and CEO, Hamad Buamim, told a table of African journalists.

Sourced through Scoop.it from: globserver.cn

At this time media coverage around Africa’s opportunities was only beginning to emerge as the Western world stood on the brink of recession. China, however, was by presently heavily invested in the continent. The establishment of the Forum on China-Africa Cooperation (FOCAC) Summit in 2000 marked a significant turning point in China’s relations with the continent, where the economic powerhouse started to take a long-term investment border – the same year The Economist dubbed Africa “the hopeless continent”.

See on Scoop.itglobserver africa

Author: globserver

Director of Eyecom china

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