Malaysia tops Asia’s investment in Africa
Malaysia is ahead of China in foreign direct investments in Africa, new data published by the United Nations shows.
A survey of foreign investment into and out of the five BRICS countries (Brazil, Russia, India, China and South Africa) published on March 25 revealed that China, which was considered to be the most active investor in Africa, is lagging behind the inflows from Kuala Lumpur, and the gap is widening.
Globally, Malaysia was the third biggest investor in Africa in 2011, the latest year for which data is available, behind France and the US, pushing China and India into fourth and fifth positions. In that year, Malaysia invested $19.3 billion in Africa as compared to China’s $16 billion and India’s $14 billion.
Around 24 per cent of Malaysia’s total foreign direct investments went to Africa in 2011. Most active Malaysian investors were Petronas and Sime Darby, countries targeted were, among others, South Africa, Kenya, Nigeria, Zimbabwe, Egypt and Mauritius.
Malaysian firms can be found operating in almost every sector from resource extraction to involvement in amusement and recreational activities. Investments in hotels and leisure, real estate, shipping, broadcasting, banking and financial services, palm oil plantations and refining, oil and gas and telecommunications demonstrate the sectoral diversity of Malaysian investments in Africa.
[caption id="attachment_7880" align="alignleft" width="198"] Click to enlarge[/caption] Malaysia is ahead of China in foreign direct investments in Africa, new data published by the United Nations shows. A survey of foreign investment into and out of the five BRICS countries (Brazil, Russia, India, China and South Africa) published on March 25 revealed that China, which was considered to be the most active investor in Africa, is lagging behind the inflows from Kuala Lumpur, and the gap is widening. Globally, Malaysia was the third biggest investor in Africa in 2011, the latest year for which data is available, behind France and the...
Malaysia is ahead of China in foreign direct investments in Africa, new data published by the United Nations shows.
A survey of foreign investment into and out of the five BRICS countries (Brazil, Russia, India, China and South Africa) published on March 25 revealed that China, which was considered to be the most active investor in Africa, is lagging behind the inflows from Kuala Lumpur, and the gap is widening.
Globally, Malaysia was the third biggest investor in Africa in 2011, the latest year for which data is available, behind France and the US, pushing China and India into fourth and fifth positions. In that year, Malaysia invested $19.3 billion in Africa as compared to China’s $16 billion and India’s $14 billion.
Around 24 per cent of Malaysia’s total foreign direct investments went to Africa in 2011. Most active Malaysian investors were Petronas and Sime Darby, countries targeted were, among others, South Africa, Kenya, Nigeria, Zimbabwe, Egypt and Mauritius.
Malaysian firms can be found operating in almost every sector from resource extraction to involvement in amusement and recreational activities. Investments in hotels and leisure, real estate, shipping, broadcasting, banking and financial services, palm oil plantations and refining, oil and gas and telecommunications demonstrate the sectoral diversity of Malaysian investments in Africa.
