Malaysian Foreign Direct Investment in Africa has surpassed that of China, making the country the top foreign investor from Asia on the continent, according to a report by the United Nations Conference on Trade and Development (UNCTAD), the UN’s economic think tank.
Malaysia is now the third largest investor overall, after France and the US and ahead of China and India.
“Malaysia is Asia’s top investor in Africa, surpassing China for the year 2011 and emerging as the third biggest investor on the continent,” said the report, titled FDI in and out of Brazil, Russia, India, China and South Africa.
Read more here.