The Chinese presence in Africa is quite extraordinary and the continent collectively is the third-largest recipient of Chinese outward foreign direct investment of nearly US$90bil.
AFRICA, with its one billion population and surging birth and economic growth rates, is and will be the next economic battlefield, a terrain that will be fought over by Chinese, Indian, American and European investors.
While Malaysia is a small fry among this company, we have a surprisingly high profile thanks to Tun Dr Mahathir Mohamad’s foresight and enthusiasm for the continent in the 80s and 90s. Dr Mahathir founded the Langkawi International Dialogues in 1995, which was and remains an important platform for Malaysia to engage with African nations.
We shouldn’t let these relationships lie forgotten. Instead, we need to build on this remarkable goodwill because it can provide real business opportunities for our country.
As the IMF had forecast in October…
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