One of the major investors in Africa is the Emirates. Israel, Qatar, and Turkey all have strong interests in the African continent.

A new deal to increase business with a number of West African nations has been announced by an Emirati exports division.

An agreement for funding was signed by the Abu Dhabi Exports Office and the ECOWAS Bank for Investment and Development last week. According to a news statement from the Abu Dhabi Exports Office, the agreement creates a USD 20 million credit line between the two parties in order to increase commerce between the United Arab Emirates and the 15 ECOWAS member states in West Africa.

The Economic Community of West African States' financial branch is known as the ECOWAS Bank for Investment and Development (ECOWAS). Benin, Burkina Faso, Cape Verde, Cote d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo are among the members.

The United Arab Emirates is one of the major investors in Africa and is looking to expand its economic influence there. For instance, trade between the UAE and Zimbabwe has grown by 300% over the last three years. The port company DP World, based in Dubai, promised to invest up to USD 1.7 billion throughout Africa last year.

In April, an African Development Bank committee visited the UAE.

In recent years, some Middle Eastern nations have sought increased participation in the African continent. Turkey and Qatar, together with the UAE, were among the largest providers of coronavirus-related aid to African countries in 2020.

Turkey has a strong presence in Africa. Under President Recep Tayyip Erdogan, who has been to 30 African nations since the early 2000s, business between Turkey and Africa has increased significantly. Additionally, Turkey maintains a military facility in Somalia and is attempting to sell military hardware to allies in Africa.

Last year, Israel was granted observer status in the African Union.