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But whilst Dubai rolls out the crimson carpet for firms from Africa, Dubai Chamber's Khan notes that companies in the UAE will be clever to take a look at possibilities from the African continent which they can capitalize on at the same time. "Africa is really a current market of strategic relevance to Dubai Chamber, and A significant target of our Worldwide growth strategy," Khan says, noting which the Chamber presently has its agent places of work in Ethiopia, Ghana, Mozambique, and Kenya, all of which Enjoy an Lively position in determining opportunities in These markets that provide essentially the most prospective with the enterprise community in Dubai.
"Have liquidity all set to push towards the entrance of the line," she concludes. "Reveal your cultural expertise and consideration, and of course, hold connection with the nearest Dubai Chamber of Commerce and Field branch."
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As a result, Nzekwue suggests it falls on the entrepreneurs by themselves to appropriately teach on their own about the particular African nation/industry that they wish to do business enterprise in. "Bear in mind that Africa does absence infrastructure, which greatly impedes the fluidity of importing and exporting," she says. "Security can be A significant variable; thus, uncover the correct local husband or wife to navigate concerns and provide acceptable accompaniment." At the end of the working day, even so, Nzekwue highlights the fact that the African industry in truth is producing, with its speedy-escalating, progressive, and entrepreneurial population trying to get fiscal resources and advancement knowledge to just take their businesses to the following degree.
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As such, if you can find any UAE-based mostly providers available hoping to capitalize on these alternatives, Nzekwue advises them to look at forming joint ventures with African providers, also to also ensure their presence inside the nearby current market.
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