Even though Africa is quite far from Malaysia, we still try our best in helping a countries that needed help in helping to raise the country to become a developing countries. Other than assisting in medical assistance as Hazie have shared with us, Malaysia try to contribute in other aspects.
The contributions that Malaysia’s government have done in helping African countries is by investing telecommunications, hotel, banking and real estate sectors. This is also a chance for Malaysia to seek business and investment partners outside our traditional partner to enhance our country capabilities and to diversified our economy. Below, was one of the article that showed Malaysia’s effort in helping the African countries
Trade between Malaysia and Africa up over last 5 years
KUALA LUMPUR - Trade and investments between Malaysia and Africa have shown encouraging results over the last five years, said Deputy International Trade and Industry Minister Kerk Choo Ting.
He said trade between Malaysia and Africa rose from RM881 million (U.S.$1=RM3.80) in 1993 to RM4.65 billion last year. ''Investments from Malaysia to Africa had increased from RM12 million in 1992 to RM115 million in 1996,'' he said here Tuesday at the opening of the four-day UNCTAD Asia-Africa business networking forum on trade and investment diversification.
The forum, which is financed by the Japanese government, consisted of more than 25 entrepreneurs from 10 sub-Saharan African countries. It was aimed at facilitating trade and investments between South Asia and sub-Sahara Africa by providing opportunities for companies to network directly with their counterparts as well as establishing new business contacts and promoting networking among entrepreneurs from the two regions.
Kerk said that in 1997 Malaysia's investments in South Africa amounted to RM133 million while the main exports to Africa were palm oil, palm stearin, vegetable oils and fats, plastic products, civil engineering and contractors' equipment.
Meanwhile, Masafumi Kuroki from the Japanese Embassy in Malaysia said Japan is determined to continue supporting Asian countries in their respective economic recovery and economic structural reforms. Kuroki said that, following up the establishment of the Asia-Africa Investment Information Center last October, the Japanese Government is planning to set up such a center in Malaysia within the framework of South-South cooperation in a joint effort with the South Investment Business Exchange Link (SIBEXLINK).
''It is aimed at supporting activities related to investment and technology promotion and providing Asian countries with African investments and technology-transfer related information,'' he said. ''No doubt, Malaysia is best placed to promote Asia-Africa cooperation."
Source : http://www.atimes.com/se-asia/AC03Ae03.html (Asia Pulse/Bernama)
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