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Vol 5 (AAC) No 3

Published 1st January 2012

Business doors open wide

Ministers and business leaders from Kuala Lumpur to Hanoi are scouting for African deals as global political and economic power shifts eastward

The Jakarta government expects 100% growth in exports to Africa over the next three years. They grew by 30% to US$3.5 billion in 2010 and should hit $4.5 bn. in 2011. More than half go to Southern Africa, and Indonesia wants to expand trade with West and East Africa, while targeting overseas energy assets to supplement declining oil production in southeast Asia’s largest economy.

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