Viable Business Model Can Lure More Malaysian Firms To Africa – Najib

By Tuesday June 21st, 2011 No Comments

PUTRAJAYA, June 21 (Bernama) — A viable business model with a secured long-term contract will be able to lure more Malaysian companies to invest in African countries, Datuk Seri Najib Tun Razak, said Tuesday.

The Prime Minister said such a business model with a very good internal rate of return would also be more meaningful with smart partnership becoming the foundation for increased investments in Africa.

“I think what companies want to see is the bottomline. They want to see the numbers. This entire thing put together, I am confident you will see more Malaysian companies in Africa,” he told a press conference here at the end of the ninth edition of the Langkawi International Dialogue.

Najib said there were already Malaysian companies investing and doing business in some of the smaller African countries.

He assured that a more exciting and positive business model would attract Malaysian companies to participate in areas like highway construction, low cost housing and even private education.

Such an attraction would be complemented with better air links between Malaysia and the continent.

“Hopefully, there will be better air links after this, then you can see greater collaboration and interaction between Malaysia and African countries,” he said.

Najib said African leaders have gone through some difficult times and were now more enlightened and determined “to charge a new course and to use resources and their strength to achieve higher degree of development.”

“Thus, it is important for us to work closely with African countries for our mutual benefit.

“The Langkawi International Dialogue process will certainly help us to cement closer ties with African countries and to see how Malaysia and Malaysian companies can participate in Africa’s development,” he added.

The press conference was also attended by Tanzanian President Jakaya Kikwete who will play host to the next Southern Africa International Dialogue in Darussalam in 2013.

Source : Bernama

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