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Wed 12 Feb 2020 11:07 AM

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Arabian Business to launch inaugural event in Africa

Arabian Business Africa Forum and Awards will be held in Rwanda on April 16

Arabian Business to launch inaugural event in Africa
Kigali, Rwanda

Arabian Business is to launch its first-ever business forum and awards ceremony in Africa, with the event being held in Rwanda’s capital city of Kigali on April 16.

The inaugural event will convene CEOs and industry leaders from the UAE and the wider GCC region with their counterparts from across Africa. The conference will focus on a range of sectors that are of strategic importance to both regions: from mining, to agriculture and climate change, to logistics.

Meanwhile, the Awards ceremony and gala dinner will serve as a platform to recognise and honour businesses from both regions that are doing incredible work at the intersection of the Middle East and Africa.

The event is being held in partnership with Grosvenor Capital and Botho Emerging Markets Group.

Shane McGinley, Editorial Director of Arabian Business, said: “We are thrilled to be heading to Rwanda for the first-ever Arabian Business Africa Forum and Awards. We will be flying over a team of six journalists who will be based there for a week, reporting on the biggest companies and most influential leaders in the country, and showcasing the many success stories and opportunities the wider continent has for investors.”

The event is the second phase of Arabian Business’ global expansion, following on from the Arabian Business London Awards held in June last year.

Since the 7th century, Africa has had long established trade connections with the Arab world and this close relationship has continued to grow and prosper. Of the UAE’s $15 billion in foreign direct investment outflows in 2018, over a quarter of this was channelled into Africa.

At the same time, the Dubai Chamber of Commerce reports that Africa’s non-oil trade with the emirate has been growing steadily over the last decade, accounting for 10.5 percent of the emirate’s total non-oil foreign trade in 2018.

Last year, Dubai Chamber hosted it’s first-ever Chamberthon in Rwanda, which brought together high-potential start-ups from the UAE and Africa to share market insights and develop the Global Business Forum (GBF) Africa Mentorship Program.

“Africa plays a pivotal role in the UAE and wider GCC growth story. The UAE is among the top ten source countries for foreign direct investment across Africa, investing $649m between 2015 and early 2019. The upcoming Arabian Business Forum and Awards will bring together leaders from both markets to reinforce the continued Africa-GCC opportunity. Grosvenor Capital are delighted to partner with ITP’s upcoming event in Rwanda, which will be a key platform for the investor community,” said Zahara Malik, CEO and co-Founder of Grosvenor Capital.

"Rwanda is a gateway to Africa. Its visionary leaders and efforts to transform itself into a knowledge-based economy offer attractive opportunities for Gulf investors and businesses hoping to explore all the East African growth story. Botho Emerging Markets Group is delighted to partner with ITP Media Group to host the Arabian Business Africa Forum and Awards to highlight the country and region's dynamic and fast-growing business community," added Isaac Kwaku Fokuo, Jr., Founder and Principal at Botho Emerging Markets Group.

*For more information contact anil.bhoyrul@itp.com

Digital magazine: Read the latest edition of Arabian Business online