MALAYSIA has opened the doors for its businessmen to venture into Africa by having smart partnerships with countries in the continent, said Prime Minister Datuk Seri Najib Tun Razak.
Entrepreneurs, he said, should study the niche opportunities available in the region and develop win-win ties with African companies.
There were opportunities in education, palm oil, tourism and several other areas, he added.
“The networking we have set up here has made Malaysia a popular nation in the African continent, compared to other countries,” Najib said, adding that this gave Malaysian business entities a headstart.
Najib was speaking to Malaysian reporters after taking part in a dialogue themed “Leveraging Technology for Smart Growth in Socio-Economic Transformation” during the Global Smart Partnership Dialogue at the Julius Nyerere International Convention Centre here yesterday. As the prime mover of this smart partnership dialogue, first launched in Langkawi in 1995, Najib said Malaysia was committed to sharing its experiences and weaknesses.
“African nations want to follow our concept and learn from our experiences and expertise,” he pointed out. Each country would have to adopt the concept based on their local environment because there is no one formula that can be used for all countries.”
The dialogue, said Najib, recognised that science, technology and innovation were the way forward for a country to achieve developed status, adding that both human and financial capital, and political leadership were the other requisites.
On his meeting with Sri Lanka president Mahinda Rajapaksa during the dialogue, Najib said he had been invited to the Commonwealth Heads of Government meeting this year.