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South East Asia’s Eye on African Investments

Asia was one of those regions that profited from the opportunities of investing in Africa. It’s countries took early leads of doing business from the emerging continent. The most notable Asian country was China. The Sleeping Giant is currently enjoying its affair with Africa. They are gaining while creating rooms for growth among Africans by creating jobs. They’ve got investments in several sectors, the largest is on infrastructure. Middle East countries and those from other corners of the world’s largest continent are also spiraling their way to the Black continent. They became aware of what African needs and what they will get from it. By now, Asian countries were the most informed of the investment opportunities in Africa.

South East Asia and Sub Saharan Africa were two regions being always compared when it comes to their economy. Now, both areas are showing eagerness to progress, and their efforts are being paid off. Each regions are supporting each other shoulder to shoulder. By making more investments, especially in Africa, they are both ahead of better days.

One of those South East Asian country that has prospects in Africa is Singapore. Just last month, 31 Singapore-based firms cooperated in a business affair in the said continent. $66 million worth of deals under negotiation is what they brought home. The country become envious of what China has become because of their investments in Africa. Asia’s Lion city is eying the oils and minerals in Nigeria and other business sectors in South Africa and Ghana.

Malaysia is also a South East Asian country that has established good business relationship with Africa since 1990s. In fact during that time, both parties showed end up with very notable increase on their trade and investment sectors. Now, they are reviving what has transpired between them before. Just like many other nations, they are investing in Nigeria. Several Malaysian plantation companies are thinking of investing in the Black continent of the similarity of its soil condition with Europe. The country is thinking of expanding their oil palm sector, through the help of Nigeria. Malaysia, Indonesia and Nigeria were the top three largest palm oil producer in the world.

And speaking of Indonesia, they also have an eye at Africa. Business organizations think that there is a similar climate conditions between them. And so, aside from oil palm, they will also try to develop their rubber plantation industry. They think they have the advantage on the said sector since only few economies have noticed the potential of the region (Africa). Indonesia’s prospect countries were Liberia and Ivory Coast.

Vietnam and Algeria also have a good connection. The two countries are cooperating to boost energy production. This is after they agreed in a partnership between the Vietnam National Oil and Gas Group (PetroVietnam) and Sonatrach, an Algerian state energy group.

Other countries with and will do investment in Africa are Laos, Brunei,and Thailand.


Author Recommends Future Africa for management consultants

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