Anwar Ibrahim is under pressure to deliver concrete reforms after two years in power
Prime Minister Anwar Ibrahim has kicked off a high-profile African tour, visiting Ethiopia, South Africa and Kenya to position the continent as Malaysia’s next strategic growth partner. With Western markets cooling and global supply chains under strain, Malaysia is aggressively seeking new trade routes and consumer bases in fast-growing Africa.
Speaking in Addis Ababa, Anwar told business leaders Malaysia remains committed to open markets but now needs “reliable partners in a rapidly changing world.”
Last year, Malaysia exported RM15.3 billion in goods—mainly palm oil, petroleum products and machinery—to Africa, with South Africa absorbing nearly half.
Analysts welcome the pivot, highlighting Malaysia’s strengths in halal manufacturing, renewable energy, Islamic finance and digital services as perfect fits for Africa’s rising needs. While Africa cannot yet replace Europe or the US overnight, the continent’s youthful population and expanding middle class offer long-term upside. Anwar’s trip aims to cement government-level ties that will ease Malaysian firms’ entry into these promising markets.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Fiuu has secured a JCB Direct Acquiring licence, strengthening card acceptance across Malaysia, Singapore and…
Westports Holdings Berhad reported a 56% net profit surge in 2Q2026, driven by tariff increases…
MGB Bhd secures a RM44.7m contract in Saudi Arabia for villa development, enhancing its regional…
The FBM KLCI retreated as rising oil prices, renewed geopolitical tensions and concerns over AI…
Bukit Mertajam MP Steven Sim calls for investigation into human trafficking following a police raid,…
Bursa Malaysia fined CFM and its eight directors RM2 million for listing breaches, underscoring stricter…
This website uses cookies.