India govt sets emission limit for hydrogen to qualify as ‘green’

India govt sets emission limit for hydrogen to qualify as ‘green’

Unlocking Africa’s economic resurgence: Can The Middle East’s Investments hold the key?

NAIROBI, Kenya: Amidst the complex economic landscape of African nations and the challenges they face, the Middle East-Africa partnership has emerged as a beacon of hope, potentially offering a much-needed boost to underserved communities. 

With Chinese investments taking a backseat in the continent, the Middle East’s growing involvement in Africa’s development has become a lifeline, addressing critical economic and infrastructure needs.

Sub-Saharan Africa is grappling with a rising debt burden, reaching around 60 percent of gross domestic product — a level last seen two decades ago. 

This is causing a shift towards higher-cost private sources, escalating debt service costs and rollover risks. 

Against this backdrop of economic turmoil, the Middle East-Africa partnership is taking center stage. As China retracts its investment commitment, countries within the Gulf Cooperation Council – including Saudi Arabia, the UAE, and Qatar – are stepping in to fill the void. GCC investment has surged, reaching $8.3 billion in 2022, a promising sign of the partnership’s potential.

“This trend signifies the growing prominence of these countries as key partners in Africa’s development journey,” Ryan O’Grady, the CEO of investment firm KI Africa who regularly commutes between Dubai and East Africa, told