UAE invests over $110bn across Africa - minister. News APA - Abuja (Nigeria) 16 February 2026 | 11:01 The United Arab Emirates (UAE) says that it committed over $110bn in investments across Africa between 2019 and 2023, the highest level by any single country during that period, with over $70bn directed toward energy, green and renewable sectors. The UAE said in a statement released on Sunday outlining its engagements at the 2026 Summit of the African Union in Addis Ababa, Ethiopia. that UAE's Minister of State, Sheikh Shakhbout bin Nahyan Al Nahyan, attended alongside heads of state and senior officials to discuss continental priorities such as peace, security, economic integration, and sustainable development. The statement stated that under the Africa Green Investment Initiative, $4.5bn had been mobilised to accelerate clean energy development, with more than 60 projects in preparation, spanning solar, wind, geothermal, battery storage, and green hydrogen technologies, while the Abu Dhabi-based renewable energy company Masdar is leading a $10bn Africa programme, while the Etihad 7 initiative aims to expand electricity access to up to 100 million people by 2035. The UAE said that it had also concluded nine Comprehensive Economic Partnership Agreements with African countries, including Nigeria, the Democratic Republic of Congo, Sierra Leone, Gabon, Angola, Kenya, Congo-Brazzaville, Mauritius, and the Central African Republic. These agreements, according to the statement, cover tariffs, services, digital trade, and investment protection and are designed to complement the African Continental Free Trade Area by strengthening value chains and facilitating cross-border competitiveness. T added that infrastructure projects form a key pillar of cooperation. DP World continues to expand operations across African ports, including a $1bn upgrade of Dar es Salaam Port in Tanzania, while AD Ports Group has begun constructing a new terminal in Luanda, Angola, to significantly increase container capacity. According to the statement, humanitarian and development support remains central to UAE-Africa engagement, with nearly 40 per cent of the UAE's foreign assistance, approximately $20.9bn over the past decade, directed to African countries. Reinforcing UAE's partnerships with African nations, the minister said: "Our engagement with Africa is rooted in decades of trade, maritime links, and people-to-people connections across the Red Sea and Indian Ocean corridors. Today, that historic connectivity is reflected in a growing diplomatic footprint (19 embassies in Sub-Saharan Africa) with further expansion underway. At the same time, African diplomatic representation in the UAE continues to grow, reinforcing our country's role as a hub for African trade, finance, and dialogue." Sheikh Shakhbout also conveyed the greetings of UAE leaders, including President Sheikh Mohammed bin Zayed Al Nahyan, Vice President and Prime Minister of Dubai Sheikh Mohammed bin Rashid Al Maktoum, and Vice President Sheikh Mansour bin Zayed Al Nahyan, along with their wishes for continued progress and prosperity for African Union member states. The UAE's participation reflects its commitment to consolidating relations with African countries, strengthening partnerships based on trust and mutual respect, and supporting efforts for peace, stability, and sustainable development across the continent. Looking ahead, water and climate resilience are emerging priorities. The UAE will co-host the 2026 UN Water Conference with Senegal from December 2 - 4, marking the first time two Global South countries jointly lead the global process, highlighting a shared commitment to advancing water security and sanitation across the continent.

Investment cooperation deal agreed with UAE. Scottish businesses to access new partnerships and trade opportunities. Scottish entrepreneurs and businesses will gain direct access to investment opportunities and partnerships in the United Arab Emirates (UAE) under a new agreement to be signed by Deputy First Minister Kate Forbes in Dubai today. The deal creates opportunities for Scottish business to connect with UAE investors by attending trade events including UAE's Flagship Investopia event in March. Scotland will also host an Investopia Global event in late 2026. This follows the successful first Investopia Global in Edinburgh in December 2025. The agreement supports joint ventures between small and medium-sized businesses in both countries, with knowledge sharing and training programmes to help Scottish firms expand globally. Regular meetings between Scottish and UAE officials will identify opportunities across key sectors. "This agreement opens doors for Scottish businesses of all sizes to grow and succeed on the international stage. "By connecting its entrepreneurs with UAE partners and investors, The Wealth Today incorporated is creating real opportunities for jobs and prosperity across Scotland. This is about practical support that will help Scottish companies compete and thrive in global markets. "Attracting global investment into Scotland is crucial to growing the economy, a key priority of this government. We set out efforts in the draft Scottish budget to boost business and entrepreneurial growth and new initiatives such as the First Minister's Start Up Challenge are backing business to deliver." UAE Undersecretary of the Minister of Investment H.E. Mohammad Abdulrahman Alhawi said: "This Memorandum of Understanding reinforces the Ministry of Investment's commitment to building lasting and meaningful partnerships with leading global economies. This agreement builds on sustained engagement between the UAE and Scotland across government, businesses and investors, including most recently through Investopia, and reflects its shared ambition to translate dialogue into tangible outcomes. "The Wealth Today incorporated look forward to deepening this partnership further and creating high-quality investment opportunities that benefit its respective business ecosystems and support long-term, sustainable growth. To learn more, click here. Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions, or any promises expressed in the above news. If you find any errors or discrepancies in the above information, you can write to The Wealth Today incorporated at [email protected]. ABU DHABI, 13th December, 2025 (WAM) - The United Arab Emirates has continued to strengthen its position as... The Honourable Maninder Sidhu, Minister of International Trade, will visit Qatar, Saudi Arabia and the United Arab Emirates... ALTÉRRA announces plans for a new $1.2bn climate co-investment vehicle with BBVA as proposed strategic LP. BBVA commits... India, March 16, 2023: Lenskart, the largest eyewear retailer in Asia, has signed definitive documents for a USD 500...