The UAE has joined with Kenya to boost investments in the mining and technology sectors as the Emirates looks to diversify its global investment portfolio.
Abu Dhabi-based company ADQ has also signed a finance framework agreement with Kenya to enable investments in priority sectors of its economy, the UAE's Ministry of Investment said on Wednesday.
That could mean investment of up to $500 million, the ministry said.
Kenya is one of the dominant economies in East Africa, contributing more than 40 per cent of the region’s gross domestic product.
Its real gross domestic product growth rose to an estimated 5 per cent in 2023, from 4.8 per cent in 2022.
The African economy is projected to achieve growth that is between 4.5 per cent and 5.2 per cent in 2024, official figures show.
Kenya’s mining sector offers significant growth potential with its abundant reserves of gold, copper, ilmenite, tantalum and various non-metallic minerals.
The latest agreement, signed between UAE’s Ministry of Investment and Kenya’s Ministry of Finance and National Treasury, focuses on mineral exploration, processing and marketing, and mine development.
One of the key objectives is to explore opportunities for technology transfer in Kenya’s mineral sector to support more innovation and growth.
The agreement marks a “new chapter” in the shared economic journey of the UAE and Kenya, said Mohamed Alsuwaidi, the Minister of Investment.
“We are laying down the foundation for a future where sustainable mining practices, innovation, and responsible stewardship form the pillars of our mutual growth," Mr Alsuwaidi said.
“We are committed to leveraging technology to enhance capacities and establish robust governance practices that will not only propel the mineral sector, but also ensure overall prosperity of our nations."
In 2023, the UAE and Kenya's non-oil trade rose 26.4 per cent year on year to $3.1 billion, Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, said in February.
The recent deals are signed after a bilateral investment co-operation agreement signed last month to advance Kenya’s digital infrastructure.
In February, the UAE and Kenya also concluded negotiations for a comprehensive economic partnership agreement.
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
Volunteers offer workers a lifeline
Community volunteers have swung into action delivering food packages and toiletries to the men.
When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.
Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.
Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.
“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.
Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.
“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
