Dubai World Africa, a division of UAE-based investment group Dubai World, is planning to extend its reach further across Africa with property investments in six countries.

The group, which already counts more than 20 investments across 10 African countries, is targeting Namibia, Botswana, Tanzania, Benin, Gabon and Uganda.

The state-owned group created the subsidiary Dubai World Africa more than eighteen months ago with plans to invest $1.5bn in a range of projects. So far its investments have tended to be tourism and ports-related, however the group has said it is also interested in other sectors

"We are not going to limit investments in only those sectors. We will roll to other sectors once we begin seeing returns, and returns are coming soon," said Daniel Saliba, an analyst for the company's Transactions for Africa and Indian Ocean unit.