For hundreds of years, the business capitals of Africa were in Europe – in London, Paris, Berlin and Lisbon.
Despite decolonisation, money still flows from Africa to European financial hubs, but over the past decade business headquarters have geographically shifted. Not back to Africa, but to another former British colony: Dubai.
There are now more than 21,000 African companies in Dubai, which is part of the United Arab Emirates (UAE). It’s a number that has increased by over a quarter since 2017, according to Dubai Chamber of Commerce and Industry figures.