With a rising GDP, a perceived overdependence on its oil industry and a deteriorating business environment, according to the World Bank, Uganda's economic progress is difficult to gauge. The country's minister of state for foreign affairs remains confident, however, that government initiatives and heavy investment in infrastructure are moving it in the right direction.
Natural resources, namely oil, have fuelled Middle Eastern economies for the past few decades, but the region's location at a meeting point between East and West also gives it a distinct advantage in the logistics field, something many of its countries are cashing in on.
How do you ensure a country’s economic gains reach the poorest in the population? Robert Collymore, chief of telecoms firm Safaricom, believes he has the answer.
The ruler of Ras Al Khaimah, Sheikh Saud Bin Saqr Al Qasami, has witnessed the rapid development of his emirate, as well as the UAE at large, in spite of global economic pressures and regional unrest. He tells Courtney Fingar how creating a business-friendly environment for local and foreign companies, and ensuring the people of the emirate play a full part in its success, are key priorities for him.
Countries in the Middle East and Africa are seeing a divergence in fortunes, with some suffering political turmoil while others see huge gains in FDI.
International investment treaties have garnered a lot of negative publicity over the past few years. But rather than abandon them completely, the international community seems to be trying to find a way to reword them.
Following a downturn in 2013, FDI into the United Arab Emirates has experienced a resurgence in the first two months of 2014.
Investment into Zambia increased significantly in 2013, with more capital expenditure and more projects recorded in the country.
At a recent conference in London hosted by Business Council Africa, the council's chairman assured investors and potential investors that Zimbabwe was a good place to do business.
Middle East Free Zones of the Future 2011/12
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