Embassy of The United Arab Emirates in Oslo

UAE unveils new investment and development initiative to help build a connected and ‘turbocharged’ new Africa driven by youth



  • ‘Consortium for Africa’, will combine ambition and resources to support progress
  • USD 500m investment to focus on youth and digitisation
  • African Union hears how Consortium demonstrates UAE’s relentless commitment to the continent

ADDIS ABABA, 8 February 2020 – The UAE’S Consortium for Africa, a new initiative with a committed investment of USD 500 million to help fulfil the vision of a ‘turbocharged’ and connected new Africa, driven by its youth, has been unveiled at the African Union (AU).

The UAE Minister for International Cooperation and Director General of Expo 2020 Dubai, Her Excellency Reem Al Hashimy, told members that the Consortium would be a long-term builder of human capital on the continent with two immediate priorities: digitisation and youth.

She said the Consortium would align the UAE government and its private sector’s commitment to Africa, combining ambition for progress, and resource to support it, into one focused entity to assist development and investment, contributing to an optimistic new future vision for Africa and with Africans.

Her Excellency Reem Al Hashimy explained: “More than simply donor or a provider of concessionary loans, the UAE understands that real value lies in the long-term building of human capital. And we are committed to helping deliver the apparatus in which start-ups can thrive, entrepreneurs can lead, and young people can look forward with optimism to a future that is firmly in their control.”

The focus on digitisation and youth would ensure that “our young and talented populations are not overwhelmed by, but embrace, the opportunities of the future”, Her Excellency added.

“We have listened closely to what you have told us, as a continent represented by the African Union, and as nations that make up its member states. And we have heard your call to the UAE: to draw on lessons learned through our own development, and to target the UAE’s investment into Africa’s digital economy,” Her Excellency continued.

The UAE has been an active partner on the continent throughout its 49-year history, investing billions during that time and by 2016 was the second largest investor country in Africa, with support for a wide variety of projects including roads, bridges and ports, schools, clinics and hospitals.

The Consortium for Africa would ensure a more consolidated, adaptive and impactful support in the future, said Her Excellency, who was the first UAE Minister to address the AU with a speech to its Executive Council at its headquarters.

Her Excellency also heralded the first participation of the African Union at a World Expo, showcasing the continent’s rich history and many achievements within its own pavilion. For the first time in World Expo’s 169-year history, every single participating nation – a record-breaking 192 – will be represented with an individual pavilion of its own at the World’s Greatest Showcase of human brilliance and achievement.

Some 25 million visits are expected at the first World Expo in the Middle East, Africa and South Asian region (MEASA). Located in Expo 2020’s Opportunity District, the African Union Pavilion will explore the speeches of Africa’s great leaders, illustrating just how much the institution has achieved since its inception as the Organisation of African Unity in 1963.

Millions of visitors will step in to a colorful, borderless space, where they will discover Africa’s vast potential and optimism for the future, reflected in its Agenda 2063 aspirations that address agriculture, transport, science and technology, and health.

For six months from 20 October 2020 until 10 April 2021, the UAE will host the world’s largest meeting of minds, welcoming creative critical thinkers to a powerful platform that will shape our future and reveal a raft of opportunities to be explored by – and in – African countries.

About Embassy of The United Arab Emirates in Oslo

Embassy of The United Arab Emirates in Oslo
Embassy of The United Arab Emirates in Oslo
Bygdøy allé 78
0268 Oslo

22 12 24 22https://www.embassypages.com/missions/embassy2825/

Subscribe to releases from Embassy of The United Arab Emirates in Oslo

Subscribe to all the latest releases from Embassy of The United Arab Emirates in Oslo by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Embassy of The United Arab Emirates in Oslo

UAE develops a Rapid Coronavirus laser testing technology22.5.2020 12:24:40 CESTPressemelding

Laser beam technology identifies the virus as soon as blood cells are infected Camera detects morphological change in blood cells Tests and instant results can be provided in public places Introducing this technology reinforces the UAE’s position as a center for research, innovation and technology (ABU DHABI, May 18, 2020): – QuantLase Imaging Lab, the medical-research arm of the Abu Dhabi Stock Exchange-listed International Holdings Company (IHC), announced that it has developed novel equipment which enables for much faster mass screenings, with test results available in seconds and allowing testing on a wider scale. The technology will reinforce the UAE’s position as a hub of research and innovation, as scientists around the world scramble to devise a faster method of testing for patients suspected to have been infected with the coronavirus and potentially identifying carriers before they become infectious. This break-through will enable ‘Mass-scale screening’, changing the whole dim

An innovative treatment for the virus (Covid-19) developed by the UAE Stem Cell Center with promising results4.5.2020 14:50:27 CESTPressemelding

Abu Dhabi on May 1st. A patent has been granted by the Ministry of Economy for an innovative and promising stem cell therapy for infections of the emerging coronavirus (Covid-19). This treatment was developed by a team of doctors and researchers at the Abu Dhabi Stem Cell Center, which includes extracting stem cells from the patient's blood and re-entering them after activation. Patent granted for the innovative way in which stem cells are collected.

En innovativ behandling for viruset Covid-19 utviklet av UAE Stem Cell Center med lovende resultater4.5.2020 14:50:01 CESTPressemelding

Abu Dhabi 1. mai. Økonomidepartementet i UAE har gitt patent på en innovativ og lovende stamcellebehandling for infeksjoner forårsaket av viruset Covid-19. Denne behandlingen ble utviklet av et team med leger og forskere ved Abu Dhabi stamcelle senter (ADSCC). Behandlingen omfatter utvinning av stamceller fra pasientens blod og sette dem inn igjen etter aktivering. Patentet ble gitt for den innovative måten stamceller samles på.

De forente arabiske emirater (UAE) avslører nye investerings- og utviklingsinitiativer for å bidra til å bygge et tilkoblet og ‘turboladet’ nytt Afrika drevet av ungdom12.2.2020 11:36:35 CETPressemelding

”Consortium for Africa” vil kombinere ambisjoner og ressurser for å støtte fremgang USD 500 millioner investert for å fokusere på ungdom og digitalisering Den afrikanske union hører hvordan Consortium demonstrerer UAEs nådeløse engasjement for kontinentet ADDIS ABABA, 8. februar 2020 – De forente arabiske emiratenes Consortium for Africa, et nytt initiativ med en forpliktet investering på 500 millioner dollar for å oppfylle visjonen om et 'turboladet' og koblet nytt Afrika, drevet av ungdommen, har blitt avdekket hos Den afrikanske union (AU). UAEs Minister for Internasjonalt Samarbeid og Direktøren for Expo 2020 Dubai, Hennes Eksellense Reem Al Hashimy, fortalte medlemmene at konsortiet vil være en langsiktig utvikler av menneskelig kapital på kontinentet med to umiddelbare prioriteringer: digitalisering og ungdom. Hun sa at konsortiet vil innrette UAE-regjeringen og deres private sektors forpliktelse overfor Afrika, kombinere ambisjon for fremgang og sette inn ressurser for å støtte

The 48 th UAE National Day2.12.2019 10:00:00 CETPressemelding

On 2 December 2019, the UAE will celebrate the 48 th anniversary of the union of the seven emirates. This occasion marks a sincere reflection of the federation´s journey over 48 outstanding years of monumental events and achievements, building on the foundation that was first laid down by the late Sheikh Zayed bin Sultan Al Nahyan and his brothers, the fellow founding fathers. Since then, His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has followed in their footsteps, leading our nation on a journey of continuous progress and prosperity at all levels.