Why Gulf states are investing billions in Africa
4 Articles
4 Articles
Deutsche Welle
One IndiaWhy Gulf states are investing billions in Africa
Wealthy Gulf states are investing billions in African countries. But the nations involved all have different objectives. What's behind the investments and what's in it for African countries?
ADNOC Distribution to Acquire Shell's South Africa Assets
Abu Dhabi-based petroleum retailer ADNOC Distribution is acquiring Shell’s petrol stations and fuel business in South Africa in a deal valued at approximately $1 billion. The transaction gives Abu Dhabi a foothold in Africa’s fuel market and represents one of the most visible recent examples of a broader Gulf investment trend across the continent. According to UK-based think tank Chatham House, Gulf Cooperation Council member states have collect…
Rich Gulf states invest billions of dollars in African countries, but investors have different goals. Deutsche Welle explains what lies behind these decisions and what they have to earn...
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