Aired february 2012

Ethiopia, where past and present meet. Located in the Horn of Africa at the crossroads of Europe, Africa and Asia, Ethiopia is Africa’s oldest independent nation. It was once known as Abyssinia, a great empire that ruled this strategic region 3,000 years ago.

Ethiopia is also a modern nation, as Addis Ababa’s rapidly evolving skyline reflects. Ethiopia has a stable, liberalized economy that has achieved an average growth of over 6% per year for several years.
Ethiopia offers preferential access to the EU and the US markets as well as to the 18 other countries and some 400 million consumers in COMESA, the Common Market for Eastern and Southern Africa.
Ethiopia also has the second-largest population in sub-Saharan Africa, offering a huge domestic market with rising purchasing power.

Investors in Ethiopia can count low-cost labor; rich natural resources; and a business-friendly government that welcomes the chance to form public-private partnerships.
Ethiopia’s motto is “Africa’s Link to the World,” and to enhance the country’s position as a trade hub for Europe, Africa and Asia, the Ethiopian government has spent around US$44 billion on transport-infrastructure development over the past decade.
Ethiopia is also rapidly developing its air transport services. The country has three international and 18 domestic airports, and international flights link Ethiopia with over 45 cities on four continents. Addis Ababa International is steadily improving its facilities and now has a new passenger terminal.
Air transport growth is closely linked to the economic development of Ethiopia.
Landlocked Ethiopia’s trade window on the world is Djibouti Port, which is ideally located at the crossroads of East and West, near where the Red Sea and the Indian Ocean meet.

Djibouti Port is expanding its facilities to handle growing trade to and from Ethiopia, its biggest client, and Ethiopia is streamlining its transport links to the port by building a new 5,000-mile railway over the route with the support of India and China.
Along with upgrading its transport infrastructure, Ethiopia is modernizing its telecom network to keep pace with rising demand. The government has invested massively in rolling out national fiber backbone and wireless access networks, and has earmarked an additional US$4 billion for telecom investment between 2007 and 2012.

But a lot of problems still have to be solved. For this to happen, the Ethiopian government is counting on foreign investors.
Internet access in Ethiopia will soon be much faster thanks to the efforts of Chinese enterprise ZTE, which is installing a new network that can handle up to 16 million customers, compared to the current 900,000-user capacity. The company is hailing Ethiopia for its positive political and economic environment.

Ethiopia is working hard to modernize its industrial sector and step up the pace of its exports. Ethiopia’s agriculture sector contributes almost half the country’s GDP
Agriculture is seen as having strong development potential given adequate investment.
Ethiopia’s leading manufacturing industries are food processing, beverages, textiles, leather, chemicals, metals processing and cement. In 2010, Ethiopia exported a total of US$1.7 billion to markets all over the world, particularly China, Germany, Saudi Arabia, the US, the Netherlands, Sudan and Belgium.
The country is looking for investors interested in a broad range of sectors.
Key export-earners in fiscal year 2010-2011 were the coffee sector, the leather sector, and the textiles sector, which earned over US$60 million, an impressive 168% increase over the previous fiscal period.

One of the largest foreign direct investments in Ethiopia to date, Ayka Textile & Investment Group, choose Ethiopia as the site of its new integrated textiles factory, the biggest operation of its kind in sub-Saharan Africa
For this sector, Ethiopia also wants to attract investors from Asia.
Ethiopia imported around US$7 billion in 2010, mainly food and live animals, petroleum and petroleum products, chemicals, machinery, motor vehicles, cereals and textiles. Ethiopia has steadily expanded its trade network and China is now the country’s top trade partner.

My Ethiopia , a personal look at what makes Ethiopia special to the people that live there.

The construction sector has been a key driver of the Ethiopian economy for several years as the government’s “Growth and Transformation Plan” moves forward. Much of the building construction has been centered on Addis Ababa, whose skyline is punctuated by giant cranes and whose borders are being expanded as new projects come on stream.

The private sector, both local and foreign, is playing a key role in the current construction boom, although more complex projects are usually handled by foreign companies that have the necessary equipment, technologies and expertise. Ethiopian firms that can offer skilled labor, proven know-how and local knowledge are increasingly forming win-win partnerships with foreign players to complete major projects.
Flintstone Engineering, a 100% Ethiopian company, illustrates the potential of Ethiopia’s private sector. The first Ethiopian construction firm to earn ISO 9001 certification, Flintstone is a leader in building construction as well as in road and water infrastructure projects.
The government has placed a high priority on stimulating foreign investment in Ethiopia’s construction sector, which can not only contribute to the country’s economic development and investment appeal but can also create thousands of new jobs. Ethiopia is building its future with the help of foreign partners.

Here are the top five attractions to visit in Ethiopia.

At number five stand the different crafts markets in Addis Ababa. Here you can find high quality souvenirs from all over Ethiopia. Look at the lovely way they are produced, the same like centuries ago.

Number four on our list is the National Museum, with the fascinating remains of the best known predecessor of mankind, the Lucy skeleton. Numerous other exhibits make a visit to the museum more than worthwile.

All over Ethiopia you can join in for a performance of traditional dances. This occupies the third place in own top five. Learn how the different tribes have their own ways of expressing themselves. And last but not least, try and taste the delicious local food.

At number two we have put the Ethiopian coffee ceremony. This lengthy event forms an essential part of the daily life in Ethiopia.You will get acquainted with the legendary hospitality of the Ethiopian people.

And finally, this is the number one on our list. Go and relax at the Kuriftu Resort and Spa, at one hour drive from the capital. The place is called ‘the little gem of Ethiopia’, and with a reason. You will enjoy luxury and beauty, in a friendly environment.

Proud symbols of the religious past and present of Ethiopia are spread all over the country. Three major religions are represented here. You’ll find Christians, Muslims and Jews in Ethiopia.

History is everywhere in Ethiopia. Its area is considered to be the cradle of humanity. Remains are found of an early homo sapiens, dating back as far as 400.000 years ago. But the most spectacular find is without any doubt the bones of Australopithecus ‘Lucy’, who is estimated to have lived more than 3 million years ago.

Tourists can fully enjoy Ethiopian culture, through music and dance performances. Its appearance is very diverse, representing the different ethnic groups out of which Ethiopia consists.

There are numerous lodging possibilities throughout the country. A lot of them are situated near idyllic locations and unforgettable sceneries.

Thanks to the dense airline network in Ethiopa all the tourist destinations are easily accessible.

An exciting mix of past and present.
A stable economy.
A rich cultural heritage.
Outstanding natural beauty.
Exceptional investment potential.

Ethiopia is truly a land of wonders waiting to be discovered.

Aired December 2011

Mozambique has put its civil-war years well behind it.

Thanks to an ambitious reform program, Mozambique has maintained macroeconomic stability for more than a decade and offers a wide range of sectors with exceptional potential, including mining, tourism, infrastructure and hydropower, among many others.

Mozambique’s economy has an impressive track record. Mozambique achieved an average annual GDP growth rate of 9% between 1997 and 2007 and reached 8% GDP growth in 2010 in spite of the global crisis.

One of the poorest countries in the world when it won independence from Portugal in 1975, Mozambique is still combating poverty, but definitely making progress, as Maputo’s modern skyline and bustling port demonstrate.

Foreign investment and international donor support remain essential for keeping Mozambique’s economic growth on track. Thanks to its natural beauty, ideal location for trade, and almost limitless development potential, Mozambique certainly has the investment appeal to keep FDI flowing in.

With its long coastline on the Indian Ocean offering easy access to markets throughout Africa, the Middle East, Asia and beyond, Mozambique is well placed to become a major global trade hub.
In this respect, ports play an essential rol in the economic development of the country. Through the ports of Beira and Maputo, millions of tons of goods are shipped every year.

Mozambique is also launching projects to modernize its rail links to all its ports as well as to neighboring Malawi, Zambia and Zimbabwe.

Mozambique’s road network, which remains primitive in rural areas, is getting a major upgrade as well with the help of the private sector. Mozambique invested US$350 million in building 500 kilometers of road in 2011, with much of the construction focused on serving Tete’s coal mines.
One new development that will significantly speed up transport in Mozambique is a Portuguese-Mozambican consortium’s US$150 million project to build a second bridge across the Zambezi river just south of Tete.

Mozambique is also developing its air transport, both to boost trade flows and to support predicted tourism growth.

National airline LAM connects all major cities in the country, but more flights to and from Mozambique are needed to keep up with demand. A new partnership with Ethiopian Airlines for direct flights between Maputo and Addis Ababa is a step in the right direction.
Getting Mozambique’s agricultural products to market is a key goal behind the government’s transport-infrastructure development drive. Mozambique’s agriculture sector has outstanding potential but requires significant modernization and investment, as well as vastly improved infrastructure, to make the most of its assets.

Those assets are considerable. Mozambique has fertile soil, varied growing conditions to support a range of crops, and the resources for developing irrigation schemes to combat drought using the waters of the many rivers that flow through the country.

Mozambique is well known for its bananas that are considered to be among the sweetest in the world. Other crops include cashews, grain, sugarcane, cotton, tea, cassava, corn, coconuts, sisal, citrus and tropical fruits, potatoes, rice, soybeans, sesame and sunflowers. Livestock production, fishing and timber also offer strong growth potential.
A company like Technoserve is helping investors to start their business in Mozambique. Years ago already, Technoserve saw how much possibilities the country is offering, considering its rapid economic growth.

In a country where poverty is still a pressing problem, developing the agriculture sector is a way to bring food security to Mozambique’s people and to help the rural economy. The governement is giving ample support to investors interested in the agriculture sector.

Most farming is at the subsistence level on small plots of land, but that picture is changing. Foreign investors are increasingly targeting Mozambique’s agriculture sector and building up thriving businesses that are creating jobs for locals and stepping up Mozambique’s agricultural exports.

These investors are also bringing new techniques to the agriculture sector and promoting organic farming and other environmentally-friendly practices.

Investors in agriculture projects can count on skilled low-cost labor and a range of incentives if they begin production within six years of acquiring agricultural land.
In March 2011, the World Bank announced it was granting an International Development Association credit of US$70 million in support of Mozambique’s PROIRRI-Sustainable Irrigation Development Project, which is expected to directly benefit some 16,000 farmers across the central Mozambique provinces of Manica, Sofala and Zambezia. It will significantly boost the investment appeal of Mozambique’s high-potential agriculture sector.

Mozambique’s minerals resources are making headlines all over the world. The discovery of a massive high-quality coal basin in Tete attracted Brazilian mining giant Vale, which is investing US$1.6 billion to develop its Moatize coal project there. Australia’s Riversdale Mining is also making major investments in developing the adjacent Benga coal project. Both companies have plans to significantly increase production in the region, and Tete is now ranked one of Africa’s fastest-growing mining districts.
Another success story is Jindal Steel and Power Limited. The company started in Mozambique in 2008. It acquired mining rights and is planning to invest 375 million USD and to employ more than 1500 people.
The government recently announced that coal exports alone will more than double the mining sector’s contribution to Mozambique’s GDP over the next three years.

My Mozambique , a personal look at what makes Mozambique special to the people that live there.

Hundreds of miles of stunning, pristine, white-sand beaches along the Indian Ocean, a collection of impossibly beautiful islands ideal for scuba-diving and snorkeling, and that’s just the beginning. Mozambique has everything it takes to become one of Africa’s top tourism destinations.

The rich history of Mozambique dates back to the end of the first millenium, when Arabic traders were already active in the region. The Portuguese colonised the country starting from the sixteenth century, and give it the name it still bears. Ilha the Mozambique became the first capital of the country.

Mozambique’s culture is also colorful, a vibrant blend of local and Portuguese traditions. One can best see it in lively Maputo, the capital overlooking the Indian Ocean.

Mozambique’s tourism industry is open to private investors, and international funding organizations are helping to get the tourism sector off the ground.

Mozambique: truly Southern Africa’s rising star.

And now we offer you the top five of our preferred restaurants in Maputo.

At number five we have put the Maputo Waterfront, opened in 2003. As its name suggests, it is wonderfully located next to the bay, and – of course – it is specialised in the fruits of the sea.

Restaurant d’Vino stands at number four. This new, trendy spot close to the casino has a warm and sleek atmosphere and really nice menu.

The third place in our top five is occupied by Zambi restaurant. It is a favoured lunch and dinner place in Maputo, and is specialised in grilled food.

At number two we’ve chosen Manjar Dos Deus. The name literally means ‘food of the gods’, and for a reason. This modern restaurant is serving mainly fusion dishes.

Finally, the number one on our list is Taverna. Enjoy the very best of the Portuguese kitchen in this authentic place. Don’t miss the mouthwatering desserts.

Aired September 2010

Brunei Darussalam. A land of opportunity. A small, peaceful and stable oil-rich Sultanate, Brunei is one of the wealthiest nations in the world.

Using the proceeds from oil and hydrocarbons to build a powerful economy, Brunei has made great progress in securing continued growth and stability for its citizens. Brunei has a solid macroeconomic stability rating and some of the highest GDP per capita figures in Asia.

Brunei is located on the northwestern shores of the island of Borneo, sharing borders with the Malaysian provinces of Sabah and Sarawak. It is roughly nine times the size of Singapore. The capital city is Bandar Seri Begawan.

Brunei is a nation with great potential, and plans are now under way to open up the economy even further to the rest of the world.

Brunei is home to the world’s longest unbroken reigning dynasty, with 29 Sultans of the same dynasty at rule since 1363. The current Sultan, His Majesty Sultan Haji Hassanal Bolkiah, has been integral in shaping Brunei’s political system and national character.

Brunei’s economy has been dominated by the oil and gas industry for almost a century, with hydrocarbon resources accounting for over 90% of its exports and more than 50% of its gross domestic product. However, there is a rising awareness in the country of depleting natural resources and the subsequent need to diversify the economy.

A conservative fiscal policy and high levels of budgetary surpluses have laid the foundation for Brunei’s solid economic framework, despite the recent global financial crisis. While foreign exposure used to be limited, the government of Brunei is taking active steps to bring international investors into the country.

ISLAMIC BANKING

The global financial crisis has had a limited impact on Brunei’s financial sector. Both domestic and international banks continue to be well-capitalized and profitable, due to a concentration on commercial and retail banking activities as well as a cap on personal lending. It is an example to the rest of Asia of continued financial resilience and stability.

Finance remains one of the fastest-growing sectors in Brunei. Today, Brunei is also working towards being a leader in Islamic or Sharia-compliant finance, and this segment has gained a considerable share of the country’s banking activity.

Brunei’s government has been pushing banks to take on a more active role in the development of local businesses as part of its long-term goal of economic diversification. The next few years could be profitable for the financial sector as it becomes a more active participant in Brunei’s economy.

INVESTMENT INITIATIVES

Brunei has the potential and the resources to accommodate serious investors and projects. Here are some of the recent noteworthy initiatives spearheaded by the Brunei Economic Development Board.

The SPARK Industrial Zone is set to be a world class petrochemical hub and is currently the site of a Methanol Plant developed by the Brunei Methanol Company. Proposals from foreign investors in the petrochemical industry are definitely welcome.

The iCentre, Brunei Darussalam’s first ICT incubator, is the first phase of the Business and Technology Park being developed to support local business and technology development. Here a number of bright young entrepreneurs are developing innovative ideas helping to bring technology made in Brunei overseas.

The PMB Muara Island project is situated in Brunei Bay, where work is underway on an integrated development comprising a container port, export processing zone and manufacturing hub. Divided into economic, community and lifestyle & tourism zones, this project will fully capitalize on Pulau Muara Besar’s strategic location within Brunei and the rest of Southeast Asia.

TELECOMMUNICATIONS

Brunei has a very strong commitment to informations and communications technology development. Rather than expanding ICT manufacturing as an industry, Brunei is evolving its ICT service sector to be globally competitive due to the country’s small size and limited manpower.

The government of Brunei has allocated 12 percent of its National Development Plan budget to the ICT sector and includes funding to further enhance human capacity building and the development of small and medium sized enterprises. With modern infrastructure and high mobile penetration levels, the ICT sector is looking to introduce new value-added services and local innovations. Local telecom operators are converging voice and data services and transforming themselves into integrated IT media companies.

The Asian continent has always been a pioneer in ICT services, and Brunei is trying to make its own mark while keeping up with technology. In the end, everyone wins, and now more than ever the people of Brunei are enjoying successful means of communication.

HALAL INDUSTRY

The Halal food market is a huge international market, widely estimated to be worth over 500 billion US dollars a year. Halal food is food or drink that is prepared in accordance with Islamic law.

Brunei aims to tap into this highly lucrative market with the creation of the Brunei Halal brand. This intensive branding effort is a government project initiated by the Ministry of Industry and Primary Resources in a move towards developing a diversified, competitive and sustainable economy.

Brunei has set sights in becoming one of the major players of the Halal industry globally, both in terms of Halal food production and certification, with the sheer aim of catering premium quality Halal food for the Muslim population worldwide.

Brunei’s halal standards are stricter than in many countries. This rigorous reputation goes along with the country’s image of spiritual and environmental purity. The Brunei Halal brand is truly global in the sense that it can be attached to any product that meets its precise standards, regardless of where the product is manufactured.

Halal food is not only intended for Muslims. While many consumers around the world see Halal as being associated with the Islamic community, Halal is for everybody and can be viewed as a form of food safety, regardless of religion.

BRUNEI’S TOURIST DELIGHTS

Don’t be fooled by its small size. Brunei is known as the Kingdom of Unexpected Treasures, and visitors can have a variety of memorable experiences. Here are some of the country’s tourist highlights.

At number 5 is the opulent Royal Regalia Museum. This gives a good insight into the decorum and pomp of Brunei’s royalty, including some of the Sultan’s most cherished mementos.

The famous Ulu Temburong National Park makes it to number 4 on our list, where serious nature lovers can experience the rainforest at its most pristine and appreciate having untouched, unfettered jungle almost to themselves. Truly, the green heart of Borneo.

One of the Islamic world’s architectural wonders, the majestic Sultan Omar ‘Ali Saifuddien mosque is a sight to behold, making it to number 3 on our list.

At number two is Kampung Ayer in Bandar Seri Begawan. This is the world’s largest water village, where wooden houses on stilts combine a traditional lifestyle with the amenities provided by the wealth of the country.

And what tops our list? The Empire Hotel and Country Club. A true Asian jewel, this opulent and sprawling resort is a haven of tranquility and has some luxurious suites affordable only to the world’s rich and famous.

TOURISM

Whether it is enjoying bountiful nature… admiring the grandeur of Brunei’s ancient yet thriving monarchy… or discovering the rich culture and heritage of the Malay people…, Brunei is Asia’s best-kept travel secret. Brunei does not aim to be the next Thailand or Malaysia. Instead, its strengths lie in its natural and cultural purity. It is truly something different.

Brunei’s tourism department is committed to strategic marketing, working closely with both local and foreign industry partners in ensuring a sustainable tourism policy and maintaining a unique tourism image.

One of the areas where Brunei has a competitive edge is in the area of luxury tourism, as evidenced by its world-class hotel and resort infrastructure.

Vast stretches of tropical rainforest still cover 80 percent of the country. The Sultan of Brunei is intent on preserving this pristine environment, and ecotourism programs are abundant.

There is no better time to experience Brunei. Now that tourism development is firmly on the agenda for the future diversification of the oil dependent economy, Brunei is ready to make a memorable mark on the global travel market.

CONCLUSION

A stable economy… A caring monarch… Some of the friendliest people in Asia… And more to discover for foreign investors… Selamat detang ke Brunei… Welcome to Brunei… The land of opportunity…

Aired August 2010

Located at the heart of central and east Africa, Uganda is situated in a region that includes some of Africa’s most economically important countries. With a key position in this strategic location, Uganda today has great potential to become the key investment and business hub in the east African region.

Uganda has consistently attracted people from all over the world. Apart from its open, friendly and hospitable population, other attractions include security, great weather and a history of religious tolerance.

Though landlocked and much smaller than its neighbors, Uganda is well on its way to becoming a regional hub as it borders powerhouses like Congo, Kenya, Tanzania, as well as Rwanda. In addition, all goods going to southern Sudan pass through Uganda, poising it to become a ready hub as borders go down and markets build up in future.

The country today offers a number of advantages for interested investors – at top of the list is an open market economy that allows free repatriation of profits. One of the most economically liberal countries in Africa, a 2003 survey conducted by national agencies indicated that the government’s economic policies had successfully led to a growth in private sector enterprises and investments over the years. In 2006, the country enjoyed a 5% growth rate, and potential investment opportunities in the country are unlimited. Currently, the government is keen to promote private-sector diversification in all industries.

The country’s current developing economy is the result of one man’s vision – His Excellency President Yoweri Kaguta Museveni. In power since 1986, he has been lauded by the West as part of a new generation of African leaders.

The country is a member of several regional organisations, including the East African Cooperation and the Common Market for Eastern and Southern African States (COMESA). These agreements, together with many other advantages, make Uganda a very attractive investment destination

The country today also has one of the fastest growing populations in the world. Nearly half the population is under 16, and one of the challenges currently facing the country is that of providing gainful employment to its population. It is hoped that future investments into the country would help stave what could potentially be a massive brain drain.

While Uganda is already a major energy producer in East Africa thanks to its hydropower stations, it is still attempting to become self-sufficient in the energy sector. The third largest economy in East Africa, Uganda struck commercial hydrocarbon deposits in the Lake Albert Basin and reserves in 2006. With estimates at 2 billion barrels, there has been a surge in foreign investor interest in the budding petroleum sector. The government’s decision to expedite creation of domestic petroleum capacity further fuels investor interest in the country.
But the government is determined to manage its energy sector in a responsible way

The government looks at these new discoveries as an opportunity to generate more jobs, and provide training for Ugandan people.

International energy producers are competing for assets in Africa as traditional fields go into decline, and nations from Venezuela to Russia curb access to their resources. And on the African continent, Uganda is viewed as an attractive zone.

Four international oil exploration companies have been granted Product Sharing Agreements in the country, and are already on the ground in Uganda where 800 million barrels of oil have been confirmed, with an estimated total value of $50 billion.

Prospecting has started in or near Uganda’s Western Rift Valley where surface oil seeps have occurred. In June 2006 discoveries at three fields were announced which have combined reserves of 100 to 300 million barrels. This is a significant find, but modest compared to the known reserves of Nigeria and Angola. 30 million barrels are ready for extraction this year, which would result in an estimated 12,000 barrels a day. The building of a refinery to provide some national capacity to process the extracted oil is also under way.

Tullow Oil, by far the largest oil company in Uganda, refers to the country as the “jewel” in Tullow’s crown. Tullow owns half of blocks 1 and 3A in Uganda and also owns block 2 outright.

In a recent development, the company has begun looking into supplying crude oil to power plants in Uganda in a few months – a move the government hopes will help cut power tariffs, as well as minimise crude and gas flaring in oil fields so as to limit the environmental impact of petroleum exploration and production activity.

The oil production prospect is attracting a broader international investors’ interest.
One of the potential partners of Tullow in the Product Sharing Agreement is TOTAL.

In addition, China, the world’s second-largest energy consumer, is seeking assets in Africa to secure fuel for its booming economy. The Chinese National Offshore Oil Company is thus another strong player in the exploration or “upstream” process.

Other oil companies in the country include Neptune petroleum, and Dominion. One of the challenges the companies are facing is managing the expectations of the people, since oil is new to Uganda,

Another important area for both the government and the private sector companies are CSR projects or what they can give back to the society in the area they are operating in.

“Downstream” is where the various energy products reach customers, and these include petrol stations who are in a good position to partner with foreign investors coming in to the country. In 2008, it was estimated that Uganda consumed about 13,000 barrels of oil a day, and spent 400 US dollars annually on petroleum imports.

Uganda imports all its petroleum products – there is currently no production in the country, but local production is expected to begin soon. Imports come directly through Kenya and Tanzania via trucks.

Consumption, largely based in transportation, rose rapidly in the 1990s; rising by an average of 14% per year from 1993 to 1996, and at about 6% per year since 1997. The rapid rise in consumption is reflected in the growing number of vehicles in the country. Along with other parts of the Ugandan economy, the petroleum industry was privatised and liberalised in the 1990s which resulted in a sharp increase in prices and investment.

Another area of the energy sector that is drawing much foreign interest is that of the provision of reliable electricity, which is a key component to building a stable business environment in the country. Much of the hydroelectric potential of the country is still untapped. Recent discoveries and projects in different energy sectors have sparked the interest of many foreign investors from all over the globe.

One example of a major project in Uganda that is coming to fruition is the construction of a $750 million dam at Bujagali falls on the Nile river – the Bugagali Hydropower Dam in Jinga/Bugagali, about 80 kilometres from Kampala. Following 10 years of study and planning, the project is being assisted by the World Bank. It is a multinational hydro-power project, and is the biggest investment in sub-Saharan Africa. The dam will help supply more electricity to the regions, which currently have only 15% of penetration.

Uganda expects its electricity supply to grow by about 8% thanks to such hydro power stations.

Covering nearly 300,000 square kilometres, Uganda offers ample fertile land, regular rainfall and mineral deposits – all excellent and favorable conditions for a flourishing agrarian economy. Contributing nearly 40% to the country’s GDP, the agrarian economy in Uganda employs 80% of the labour force, and makes up 90% of export earnings, with nearly one-third of the country’s rich red soil under cultivation.
Agro-processing is a major opportunity for investment as it adds value to local produce through the canning and manufacturing process, making it even more suitable for export given its long shelf-life. And with licenses being granted to private exporters, there is indeed much interest in this field.

The massive sugar industries on 1960s are reviving, along with the large tea estates that have been neglected for a long time. Previously strict government controls on the coffee and cotton industry have been loosened, allowing farmers a wider choice of markets.
Livestock production in Uganda is another area in the agricultural sector that has continued to grow at a rate of nearly 5% yearly – a response to the increasing demand for milk and meat in the local market. In addition, with nearly 20% of its surface area covered by lakes, rivers and swamps, the country has a potential fish production of over 275,000 tons annually. Currently employing some 500,000 Ugandans, the industry offers great opportunities for well-organised and comprehensive investment.

Here is Asia Business Channel’s top 5 of the tourist activities you can’t possibly miss.
At number 5 we picked a relaxing boat ride on one of the many lakes in Uganda. Enjoy the various views of beaches, river mouths, forests, villages and wild life both on the water and on the shores.
Spectacular bunjee jumping above the river Nile is at number 4. Not only a challenge for daredevils, but also for those who want to experience the thrill of this extreme sport and the wonderful panorama before and during the jump.
Enjoy animal spotting in a beautiful nature setting. A visit to one of the many national parks makes it to number 3.
At number 2 is white water rafting on the river Nile. The really adventurous can enjoy up to class 5 rapids. Not for the faint-hearted.
And what is the top tourism attraction? Gorilla tracking. Experience an eye to eye meeting with our closest relatives in their natural habitat. You will never forget it.

Tourism is one of the most sensitive and difficult industries to develop, and with a spotted history like Uganda’s, success in the tourism industry was anything but instantaneous. However, the recently redeveloped infrastructure, thanks in part to the burgeoning energy sector and influx of foreign investors, is now having a knock-on effect on the tourism industry as the country is fast emerging as a premier tourist destination in Africa.

Tourism in Uganda today is an important generator of foreign exchange, high-end employment, and investment. There has been increased investment in tourism, particularly in travel accommodation and related facilities. This has enhanced tourists’ experiences of the country.

Uganda is one of the most beautiful countries in Africa, with fantastic natural scenery. Due to this, most of the tourism opportunities in Uganda are focused on its diverse landscape and wildlife. Fondly referred to as “the Pearl of Africa”, Uganda offers nature lovers unspoiled scenic beauty from wide East African plains and expansive savannah grasslands, to rain forests and snow peaked mountains.

The country can be marketed as a new destination with tailor-made packages that are different from the mass tourism that other African countries have been offering. With its rich eco-tourism potential, Uganda is the ideal choice for tour operators targeting niche market areas such as bird watching, observing the gorillas and mountain trekking.

Visitors will find some of the region’s more peaceful national parks, home to half of the world’s remaining mountain gorilla population and a wide variety of bird species and wild range. One of the so far less known touristic places in Uganda is the Budongo forest. It is one of the largest tropical forests in east Africa.. It has the highest concentration of chimpanzees in Uganda and in the region and it is one of the best places to see chimps on the African continent.

The country offers an exceptional opportunity for business in the heart of Africa. With a government keen on developing the economy to its full potential, interested investors can rest assured that they will receive all the support they need to ensure that their ventures into this East African country will be fruitful.

Aired July 2010

Malaysia. Asia’s premier investment destination. A nation well on its way to achieving First World status by the year 2020, Malaysia’s economic and social transformation is staggering. Leveraging its strategic location and abundant natural resources to become a model to the world, Malaysia is on the fast-track to success.

Malaysia is located at the heart of Southeast Asia, on the busy land, air, and see corridor between Europe and Australasia. Peninsular Malaysia borders Thailand and Singapore, while East Malaysia in the island of Borneo neighbors Indonesia and the Sultanate of Brunei. The capital city is Kuala Lumpur.

The Malaysian economy has gone through tremendous changes over the last few decades, evolving from an agriculture-based economy to a knowledge-based one. Malaysia has a strong trade policy that emphasizes better integration with the global economy and is now a key trading player in the region. There is no better time for foreign investors to tap into this boom.

Malaysia’s current government has launched an ambitious plan for the country’s future, the One Malaysia program. This embodies the nation’s drive to excel in social development and to foster unity among Malaysians of all races.

The discovery of oil has been integral to Malaysia’s transformation into an Asian superpower. The government-owned corporation Petronas is vested with the country’s entire oil and gas resources and is ranked by Fortune as the 8th most profitable company in the world.

One of the leading players in the Malaysian oil and gas industry is Bumi Armada. They are the country’s largest owner and operator of offshore support vessels and an established player in the FPSO segment with two of the floating production storage and offloading vessels in Nigeria and a third one under conversion.

Many global companies have already established themselves in Malaysia, helped in a big part by the country’s world-class infrastructure and open business environment.

To achieve first world status over the next decade is no longer a dream, but an imminent reality Malaysians are looking forward to witness.

RAIL AND AIR INFRASTRUCTURE

Significant government and private sector investment have brought into Malaysia one of the most advanced infrastructures of any Asian developing nation. Malaysia’s Ministry of Transport plays a key role in the country’s economic development and has put infrastructure development as one of the priorities of the Ninth Malaysia Plan.

Malaysia’s main airport is Kuala Lumpur International Airport, also known as KLIA. Opened in June 1998, KLIA has since matured into a model airport, and is fast emerging as the gateway of choice for the region.

Kuala Lumpur is well-connected to the rest of Asia and the world through its flagship carrier, Malaysia Airlines, as well as Air Asia, one of the continent’s fastest-growing airline companies.

Malaysia has an extensive rail network that dates back to the British colonial era, when it was first built to transport tin. Today, the government-led company KTM Berhad controls the entire railway network in Peninsular Malaysia, consisting of two main lines and several branch lines.It is crucial for the government to have a fully integrated transport network.

Commuter trains are a heavily utilized mode of transportation by commuters working in Kuala Lumpur as the service is an alternative for road travel.

Malaysian trains and railways are currently being upgraded to become safer and more efficient, and at the same time having a lesser impact on the environment. Truly a source of pride for the Malaysian people.

ROAD AND LOGISTICS INFRASTRUCTURE

In Malaysia, your journey matters. With an exceptional road network, driving around Malaysia is easier and faster thanks to some world-class concessions. The North-South Expressway, built, maintained and operated by PLUS Expressways Berhad, is the longest expressway in Malaysia. The expressway links many major cities and towns in western Peninsular Malaysia, acting as the ‘backbone’ of the west coast of the peninsula, and provides a faster alternative to the old federal route, thus reducing traveling time between various towns and cities.

PLUS now serves around 1.3 million vehicles on its expressways every day, and the implementation of the latest technologies and the strict emphasis on safety, comfort and efficiency earned nothing but praise from its users.

Malaysia has also positioned itself as a leading international logistics hub. It is not surprising that both the government and the private sector are pushing for a stronger integration of global logistics. Malaysia is home to some of the continent’s most reputable transport and logistics companies.

Logistics have evolved into a new era where it is not just about the transportation of goods from one place to another, but one where technology and solutions are implemented into the logistics chain to satisfy customer demands.

While global trade volumes continue to decline due to the current economic downturn, Malaysia remains optimistic about the future.

INFRASTRUCTURE

In the last decade, Malaysia launched its National IT Agenda as part of a major strategy aimed at national development and nation building in preparation for the challenges in the IT era. The Malaysian government has recognized that ICT would serve as a foundation condition that would transform Malaysia from a production-based economy to a knowledge-based economy.

The local ICT players have taken note of the position that the Malaysian government has taken, and it has been pushing in a very aggressive manner to not just provide, but also to generate demand for ICT solutions.

One of the areas where private companies in Malaysia really excel on the global stage is in the area of social services and e-government. Malaysia created history as the first country in Southeast Asia to win the highest ICT recognition in the world – the United Nations World Summit Award. Innovation and creativity are in Malaysians’ blood.

E-government in Malaysia is well advanced, and it should be an integral component of a much broader mission to deliver the government’s transformation agenda. Malaysia acknowledges that there significant challenges in improving the economy, but it is also seeing positive change as Malaysia continues to transform into a knowledge-based economy focusing on innovation, value and high skills.

Aired June 2010

Botswana is a landlocked, mostly arid country bordered by South Africa, Zimbabwe, Namibia and Zambia. While the country is about the size of France, two-thirds of the land is covered by the Kalahari Desert. The capital city, Gaborone, is home to a mixed ethnic society that comprises primarily of people from various African tribes, Europeans and Indians. Although Setswana is the national language and is widely spoken in the country, English is the official language used at higher levels and for business.
And Botswana offers a good environment to live and work in.

Botswana’s economy is stable and well-managed with low rates of inflation. The country offers a stable workforce, good industrial relations and competitive labour costs. In addition, a good transport infrastructure and modern telecommunication system lend to the attractiveness of doing business in the country. Furthermore, the country enjoys a reputation as the least corrupt country in Africa with high transparency and a well-developed legal system.

Minerals, especially diamonds, have been the mainstay of the country’s economy since independence from the British in 1966. The country’s high rate of economic growth is due largely to this mining sector, which accounts for 90% of national foreign exchange earnings, and at nearly 40%, provides the single largest source of GDP as well as government revenues.

The government is keen to diversify the country’s economy, and to ease its current dependence on mining. Investment is particularly encouraged in the sectors of manufacturing, tourism, infrastructure, finance, and in building its “knowledge economy”.

To this effect, private sector development in the country is actively encouraged. An attractive tax system, abolished exchange controls, and a wide range of investment incentives are just some of the measures put in place by the government in its bid to promote economic growth.

Furthermore, there are no foreign exchange controls, and its citizens enjoy a low tax regime. Corporate tax is at 15% for manufacturing and finance companies, while all others are taxed at a comparatively low rate of 25%. In addition, products manufactured in Botswana can enter the United States and the European Union free of duty and quotas, thus immediately widening the potential market base beyond the shores of the African continent.

TRANSPORT AND TELECOMMUNICATIONS

Though sparsely populated, Botswana has managed to incorporate much of its interior into the national economy. There is a paved “inner circle” highway connecting all major towns and district capitals, and an all-weather Trans-Kalahari highway which connects the country to Walvis Bay in Namibia.

Further, the authorities in Botswana realize that a comprehensive and modern infrastructure needs to be developed and maintained in the country in order to continue upwards growth of the economy. To this effect, plans have been put in place at national level to have a positive impact on the overall growth of the country.

In order to further enhance the transportation system of the country, the Civil Aviation Authority of Botswana has been established to act as a regulator of air transport services.
The new terminal building in the capital city Gaborone is one of the ongoing projects of CA and there are many more in the pipeline. The new terminal building will improve the passenger processing at Gaborone airport. A runway of about 4 km has the capacity to allow planes like Boeing 747 or equivalent aircraft to land. The current cargo terminal in the capital doesn’t have apron which links the cargo terminal with the runway and tax way. A new one is under construction now and it will allow to park of at least 2 aircrafts in front of the terminal building and to handle cargo.
In order to further develop the aviation sector, Botswana needs capital from the investors who can establish home based operators and expand their services, not only within Botswana but also regionally within the Sadec region.
Botswana ranks among the top four countries in the region in terms of telephone penetration. A fiber-optic telecommunications network has been completed in Botswana connecting all major population centers. There have also been concentrated efforts to provide rural communities with telephones and related services.

Botswana established a regulatory authority to be known as the Botswana Telecommunications Authority which will be responsible for regulatory oversight of broadcasting, internet, postal and telecommunications. The country’s vision is to make available affordable voice communications and access to internet to all in the country, regardless of their location.

Mobile phone penetration in the country is approaching 100%, which is more than twice the continent’s average. Three mobile operators – Mascom Wireless, Orange Botswana and BeMobile – cover most of the country.

Botswana has a relatively young IT industry with about 200 registered IT companies that still leaves room for potential development. A national fiber backbone supports a wide range of services, including ADSL, satellite internet and wireless technologies. Most areas in cities have wifi networks, as well as hotspots in shopping malls and café bars, and there are 22 commercial internet service providers in the country.

Media communications in the country is open. In addition to the government-owned newspaper and national radio network, there is an active and independent local press. Foreign publications are sold without restriction.

TRADE AND INDUSTRY

The Botswana economy is fast growing. Just imagine that since independence, the average annual growth was about 9% for the first three decades. The government has consistently maintained budget surpluses. The economy is focused on mining, but has been diversifying towards a lot of other sectors.

Botswana’s financial sector is relatively well developed, with an independent central bank and minimal government intervention. The government is involved in banking through state-owned financial institutions and a special financial incentives program that is aimed at increasing Botswana’s status as a financial centre. The country’s competitive banking system is already regarded as one of Africa’s most advanced.

Generally adhering to global standards in the transparency of financial policies and banking supervision, the financial sector provides ample access to credit for entrepreneurs. Credit is allocated on market terms, although the government provides subsidized loans.

Exchange controls were abolished, and with the resulting creation of new portfolio investment options, the Botswana Stock Exchange is steadily growing. Most important sectors here are finance, financial services and resources.
With significant natural resources and a market-oriented economy that encourages private enterprise, Botswana has Africa’s highest sovereign credit rating.
Foreign investment and management are welcomed in Botswana. A top priority has been to enhance business profitability and regional competitiveness with a more efficient investment code.
This milk processing factory is one successful example of foreign investment. It is the result of a joint enterprise of investors from Botswana and Zimbabwe. The company has the capacity to supply its range of UHT Long Life Milk to the domestic and export markets. It is the largest dairy factory in Botswana.
The overall freedom to establish and run a business is relatively well protected under Botswana’s regulatory environment. Obtaining a business license takes less than the world average of 218 days. The government has established a one-stop shop for investors, and the process for closing a business is easy and straightforward.
And there are a lot of others incentives for the investors. Probably the most attractive one is the low tax regime.
With its proven record of good economic governance, Botswana was ranked as Africa’s least corrupt country by Transparency International in 2009, and is consistently ranked by international organizations as among the freest economies in sub-Saharan Africa.

TOURISM

Often described as Africa’s fastest-growing city, Botswana’s capital Gaborone is a vibrant, colorful and bustling modern city. There are numerous busy shopping malls offering a full range of imported and locally produced goods, excellent restaurants, top international quality hotels, sports clubs and various night clubs. New buildings and suburbs sprout like mushrooms wherever there’s a block of land to fit them, resulting in a mix of low-cost housing, blocks of flats, shopping centers and industrial complexes. The western edge of the city is dominated by Kgale Hill, which offers breathtaking views of the city from the top.
But of course, the capital is not the only interesting place to visit for tourists. Botswana has a natural beauty which lies in its wilderness, wildlife and cultural diversity, located in various parts of the country. It will give its visitors a truly unique African experience.
The national parks and game reserves, like this Mokolodi reserve situated near the capital, are major tourist attractions. It is attracting travelers from all over the world, for both hunting and photo safaris. Not surprisingly, tourism plays a large role in the Botswana economy. It is creating more than 20.000 jobs, and provides some 12% of the GDP.

With its myriad natural open spaces and wildlife nature reserves, Botswana is the perfect location for the further development of eco-tourism, which will ensure that tourism in Botswana while economically profitable will also be sustainable.
Game viewing in Botswana is usually at its best during the dry season – in winter, from May to August, and in the hot springtime months of September and October, when the animals are concentrating near rivers, pools and waterholes.

The sight of the slowly moving and elegant giraffes is only one marvel during a visit to one of the many nature parks in Botswana. With some luck, brown hyenas, warthogs, cheetahs, leopards and lions can be spotted, too.

Besides the traditional safaris, Botswana is also popular for fishing safaris, and visitors can make their way to different natural mineral spas. Not to forget the magnificent golf courses, like this Pakhalane Golf Estate, and Gaborone Golf Club.
All tourist destinations are connected to the capital by air and bus transportation.

Visitors to Gaborone now have an excellent choice of craft shops to choose from. Botswana Craft, which specializes in crafts from Botswana, has several outlets in the city. They offer handmade wooden furniture, local pottery and jewelry.

For those interested in a more thorough cultural insight, the outstanding National Museum houses important collections of archaeological artifacts and natural history exhibits. The outside compound shows different examples of transportation, from Ox carts to steam locomotives. The museum is also a research institution, working to preserve the natural and cultural heritage of Botswana.

Last but not least, tourists can enjoy the bustling entertainment premises in Gaborone and other big cities. The capital counts four casinos, of which the biggest is Gaborone Sun. They offer a gaming experience in a modern up market casino environment.

Despite continued challenges such as small market size and a landlocked location, Botswana, already one of Africa’s wealthiest nations with a thriving economy based on diamond mining and tourism, remains one of the best investment opportunities in the developing world.

A regional leader in economic reform, competitiveness and flexibility are promoted by a sensible business regulatory environment, openness to foreign investment and trade, as well as relatively flexible employment regulations.

Regulatory reform has turned the country into one of the most liberalized telecommunications markets in the region, while its political stability and fiscal freedom will continue to attract foreign direct investment.

Aired April 2010

A globally competitive environment for investors, the Philippines is Asia’s new business hotspot. Long overshadowed by its neighbors in terms of economic growth and socio-political development, Asia’s sleeping tiger is slowly waking up.

A cluster of over 7,000 islands, the Philippines is the second largest archipelago in the world. It defies geographic convention, divided into three island groups: Luzon, Visayas and Mindanao. The capital city is Metro Manila.

Its strategic location makes it a critical entry point to the 500 million people in the Southeast Asian market. The Philippines offers vast trade opportunities and is an ideal base for business.

Amidst its problems, the Philippines is a survivor. Culturally cast away from the rest of Asia through its past links with Spain and the United States, it is a nation that is unique and carefree. It is also home to the friendliest and happiest people in Asia. Filipinos are proud of what is quite possibly the continent’s only true democracy.

The government’s main thrust of making Philippines a competitive country in the global environment through various investments has been successful, and there is no better time to know the Philippine advantage.

The Philippine economy grew in 2009, supported by the continued expansion in overseas workers’ remittances, a resilient business process outsourcing industry, and fiscal stimulus efforts. While GDP growth was was stunted by the global financial crisis and weather-related loss of agricultural output, the future looks bright.

INDUSTRY

Manila. Manic, chaotic, and alive. A passion play and an urban jungle in overdrive mode. This is where over 12 million Filipinos gravitate to, and the heart and soul of a nation in flux.

For businessmen and investors, Manila is a corporate nirvana. The business district of Makati rivals the business districts of Singapore and Hong Kong in its capitalist buzz. It is where many of the country’s financial companies and multinational corporations are based, as well as some of the best shopping and nightlife in all of Asia.

The Philippines is one of the most aggressive players in targeting the outsourcing markets of the USA, Europe and neighboring Asian countries. The Philippines has rapidly emerged as India’s main rival in the business-process outsourcing, or BPO. Its positive track record in back office services , and a fluency in the English language, has unleashed the nation’s best-kept secret: it’s human capital.

The Filipino workforce has become one of the country’s biggest exports, a new breed of world-class service professionals. All over the world, from the United Arab Emirates to Hong Kong, Filipinos are in demand. It is Filipinos’ intrinsic nature to care for their families and provide for them even if they are thousands of miles away.

The money Overseas Filipino workers send back home through remittances are crucial to the economic growth of the country.

As Filipino workers become global, so do Filipino companies. More than ever, strong private enterprises are making a name abroad, bringing into light the strong work ethic and entrepreneurial expertise that the country is well-known for.

7,107 islands. 7,107 opportunities for investment. The Philippines is rich in natural resources, and projects have been underway for decades in the privatization of state-owned industries, particularly in the energy sector.

The growth of the energy sector has mirrored the solid performance of the economy, and 2010 promises to be a banner year for the privatization of the country’s remaining generation assets, with hydro-electric power holding the key.

TOURISM

One of the Philippines’ stumbling blocks in its road to development in a road and communications infrastructure highly in need of modernization. But with the help of the private sector, things are slowly changing.

The Philippines welcomes tourists from all over the world coming for their medical and leisure needs. The Philippines has been growing as a tourist destination of choice for health and vacation because of its world class physicians, modern technology, and a uniquely Filipino brand of caring and compassion at great values for money at a fraction of the cost in developed countries.

Look at the beautiful Filipino people and you will see the physical traces of its Asian, American and Latin heritage. While most medical specialties address physical health, cosmetic surgery is unique in the way it uses physical improvement to benefit psychological health, and is a booming industry in the country.

The Philippines is now one of Southeast Asia’s leaders in cosmetic surgery, hastened by advances in medical technology and a sensitivity to the needs of Asian clients.

Filipinos are some of the happiest people on earth. How can a country with extreme poverty and prone to daily struggle produce such optimistic people? The secret lies in Latinasian idea that all things shall pass, and that life should be lived. And the concept of family as the basic unit of society is evident everywhere, which is why shopping malls and theme parks are always full of them.

Adventure tourism is also on the rise. For something beyond the ordinary, the Philippines doesn’t disappoint.

And if it’s resorts you are after, then look no further than the island of Boracay, the nation’s most famous beach island and magnet for travelers, where international hotel chains are changing the landscape and raising the bar of standards in luxury tourism.

World of Wonders. This is the slogan for the Department of Tourism.

A strategic location in Asia. Quality human resources. Reliable business infrastructure support. And a liberal economy open to foreign investment. This is the Philippine advantage.

Aired March 2010

Al-Salaam Alaykum. Welcome to the United Arab Emirates.

At first sight, the UAE seems like a contradictory destination, an Islamic state where traditional Arab lifestyles continue alongside a very frantic version of Western consumerism. But it is this balance that is the secret to its success. It is also a very safe destination in the Middle East. This nation is leading the way for the future of Arabia.

One of the most highly industrialized economies in the world, the United Arab Emirates lies in the heart of the Arabian Gulf, and shares land borders with Saudi Arabia and Oman. It is a federation of seven neighboring emirates: Abu Dhabi, Dubai, Ajman, Sharjah, Umm al-Qaiwan, Ras al-Khaimah, and Fujairah.

The leadership of the United Arab Emirates is both hereditary and federal. The presidency and premiership follows the hereditary line of the Al Nahyan clan in Abu Dhabi, and the Al Maktoum clan in Dubai.

The UAE has the world’s third-largest reserves of oil, with Abu Dhabi alone having 9% of the global supply. Not surprisingly, this braces the national economy, and is the leading contributor to the GDP. It is said that at current levels of production, oil reserves will last for only another century and the UAE is looking at diversifying its industries. And while they have not been spared by the current global economic crisis, both Abu Dhabi and Dubai have become models to the world of sound, sustainable growth.

TOURISM

Through its development of healthy tourism, trade, manufacturing, construction and energy sectors, the United Arab Emirates has become the most modern nation in the Middle East. But today is a very challenging time for the UAE, as it is in the rest of the world, and more than ever, both Abu Dhabi and Dubai are working hand in hand to adapt to a challenging global economy.

The UAE attracts people from more than 200 nationalities, drawn to the nation’s promises of security and balanced living.

Glitzy and over the top, Dubai lives for attention. On the surface it is materialistic and only functions to treat every guest like a VIP, but this is the whole idea. One only needs to see the hotels in Dubai to know why tourists from all over the world are willing to pay a premium. Dubai’s hotels are not cheap, but you do get a lot of value. More than places to rest your head, they are exercises in luxury and relaxation, and are destinations in themselves.

Tourism in Dubai has slowed down due to the current economic crisis, but hotels are still seeing good business even amidst serious competition.

The United Arab Emirates is a rapidly diversifying society that has successfully integrated its core values and heritage into its ambitious economic agenda. Whether you are coming for business or tourism, the UAE welcomes the world.

Aired March 2010

Over the last 7 centuries, the area that is today known as the Arab Republic of Egypt, has continuously played a significant role in global affairs. From the Pharonic to Coptic, Byzantine, Roman and Islamic ages, some of the most advanced civilisations in history have called this region home. The temples of Luxor, the tombs of Aswan and the pyramids of Giza, to name but a few of its more famous historical sites, are impressive reminders of the country’s heritage.

Located in the northeast corner of Africa in the modern world, Egypt today is bordered by Libya to the west, Sudan to the south, and Israel, the Palestinian Territories and Jordan to the northeast. The country also boasts an extensive coastline, with the Mediterranean Sea to the north, and the Red Sea to the east. This excellent geographic location has enabled Egypt to play a central role not only within the Arab world, but also internationally, acting as a link between Asia, Europe, Africa and the Middle East.

This central position has resulted in a culturally and economically diverse nation. With a population of about 75 million people, Egypt is today the mostly densely populated nation on the African continent, and is a bustling country with the second largest economy in the Arab world. This in itself is a key attraction to potential investors.

Apart from its excellent geographical location and sheer size of population, Egypt also offers potential investors an added incentive by way of trade agreements.

With one of the most proactive governments in the Arab world, Egypt has faced the challenges of globalisation head-on by responding directly to the needs of its growing population. By investing in infrastructure and technology upgrades, and reducing the amount of bureaucracy while increasing government transparency, the country has developed a liberal market-based economy driven by the private sector.

In 2004, the Egyptian government embarked on a far-reaching programme of economic liberalisation which has resulted in a strong and continued growth, as well as a record level of foreign investment till the recent global economic crisis.

With a view to building a modern Egypt that can boast a flexible administration, as well as a productive economy that is capable of meeting successive international challenges, national authorities have managed to harmoniously balance production, export and import. An ambitious privatisation programme in the 1990s has led to dramatic improvements in the manufacturing sector.

Furthermore, if figures that were in place before the recent economic crisis are an indication, the number of international companies that have chosen to base their operations in Egypt looks set to rise.

FINANCE

The finance sector in the country further serves to raise investor confidence. Restructured and consolidated over the past years, Egypt’s financial system is now transparent and solid enough to provide the country with the credit it needs to grow. In fact, the IMF has lauded Egypt’s strong balance of payments and foreign reserve positions. It is estimated that when businesses are once again ready to expand, investor confidence in Egypt will be high.

By already putting in place the necessary measures to create an economy which is business-friendly, Egypt looks set to continue to provide an environment which encourages growth and foreign investment.

The energy industry is one of the key sectors and contributors to the growth of Egypt’s economy. The energy infrastructure for oil, gas and electricity are adequate and cover most of the populated areas in the country. It also includes facilities to assist the export of energy to other countries.

With much development potential still to be found in the energy sector, Egypt is paying special attention to the industry as an engine for national development. To this effect, the industry has slowly been privatising over the years, and several companies have been formed that meet with international standards.

Formed in 1975 as a joint-stock company, PETROJET is capable of competing with foreign contractors in the industry. Over the last 30 years, the company has made considerable strides and is now the leading player in the execution of petroleum projects within the country. PETROJET has also managed to extend its presence into regional markets over the years, and is now focusing on further expanding its role in the international market. Having invested in high-calibre personnel and state-of-the-art technology, PETROJET has already developed an international reputation for quality commitment, and has received several international certificates and licenses in recognition of this.

ENERGY

ENPPI, established in 1978, provides fully-integrated engineering, procurement, construction supervision and project management services for the petroleum, petrochemicals, power and other related industries. Recognised as an engineering, EPC main contractor and management contractor, the company has a proven track record of accomplishments for both onshore and offshore projects. Applying state-of-the-art technology and know-how based on worldwide sources and standards, ENPPI has received several internationally-recognised certificates and continues to maintain its high status in the international engineering community.

Another successful Egyptian company in the energy field is SUMED. The company is involved in the efficient transportation of crude oil, as well as other relevant services, at competitive prices. SUMED guarantees a reliable, secure and economic route for crude oil movements from the Arab Gulf to refining centres in the West. In keeping with the latest international standards, SUMED has invested in modernising their technology and equipment used, while paying close attention to preserving the environment and maintaining safety standards.

Due to major recent discoveries, natural gas is likely to be the primary growth engine of Egypt’s energy sector for the foreseeable future. Egypt’s natural gas sector is expanding rapidly with production having increased over 30 percent in the last decade.

The Egyptian Natural Gas Company, or GASCO, was established in March 1997 to transmit, distribute and process natural gas within the country. The company is present at every point in the Egyptian gas chain and plays an important role in promoting the utilisation of gas domestically. A vital link between natural gas producers and consumers, GASCO serves a wide spectrum of industries and customers via the national gas grid, which is 16,450 kilometres long, making it the longest and largest gas distribution grid in Africa and the Middle East.

GASCO also has a leading role in gas processing and the recovery of gas valuable components such as LPG, ethane-propane mixture and commercial propane, which is then exported to the international market. In order to meet international standards and codes, GASCO pays close attention to its commitment to quality. In recognition of this, the company has been accredited with several internationally-recognised certificates over the years.

The importance of the successes achieved in Egypt’s energy sector over the past decade cannot be dismissed, but the sector will face some challenges in the future.

Despite the tough conditions, there still exist opportunities in the sector.

TOURISM

Tourism is one of the largest contributors to Egypt’s GDP. The industry is big business – it is one of the major driving forces of the country’s economy and the primary source of foreign earnings. Over the last 10 years, there has been a 100% increase in inbound tourism. While only a small percentage of this comes from Asia at present, authorities are upbeat about the future.

Egypt is an all-year destination, with sunshine 365 days a year, and attractions for tourists in every season. From attractive beaches in sunny coastal cities on the Red Sea including the likes of popular Taba, Sharm El Sheikh and Hurghada, to the historical cities of Cairo, Luxor and Aswan which are rich in the Pharonic tradition, the country is one of the most diverse in the Middle East North Africa region.

Egypt continues to attract tourists year after year despite the tension in neighbouring countries. It is considered an extremely safe and tourist-friendly destination, with Egyptians taking national pride in their hospitality and good nature.

Apart from leisure tourists, many business tourists also make a stop in Egypt’s capital city of Cairo. With the country’s location at the centre of the Arab world, Cairo is a convenient and preferred destination for regional business conferences. The city consistently plays host to many of the region’s public and private sector conferences and exhibitions, including many international events. In light of this business tourism that forms a substantial part of its industry, both the government and private sector have worked towards having in place a sound infrastructure in the country.

Over the last few years, there has also been much interest from foreigners to be able to own a home in Egypt. To this effect, the government has put in place legislations that allow for residential tourism.

Indeed, the plans in place for the tourism industry in Egypt point to a continued expansion of this highly lucrative industry.

Modern-day Egypt offers much to those who come to her shores – a well-established democracy, governing institutions that meet international standards, a sound financial and economic system, and a geographical location that is both strategic and advantageous. In addition, Egypt is well-connected to market demands, and presents a unique value proposition to investors. This distinctive blend of competitive strengths promises to make the country a choice location for global enterprises.

Aired January 2010

Malaysia. A country on the move. From an economy once dependent on agriculture and primary commodities, Malaysia has today become an export-driven economy spurred on by high technology, and industries both knowledge-based and capital-intensive. Supported by a market-oriented economy and pro-business Government policies, Malaysia offers investors a dynamic and vibrant business environment with the ideal prerequisites for growth and profits. It is also one of the fastest-growing tourism destinations in Asia.

Malaysia is strategically located in the heart of South East Asia. It has only existed in its present form since 1963, when the federation of the eleven Peninsular states were joined by the Bornean territories of Sarawak and Sabah. Its closest neighbors are Thailand and Singapore in West Malaysia, and Brunei and Indonesia in East Malaysia. The capital city is Kuala Lumpur.

Malaysia’s success as an Asian economy was due in part to the visionary policies of Tun Dr Mahathir Mohamad, Malaysia’s prime minister from 1981 until 2003. Known as the father of modern Malaysia, Tun Mahathir is the most dominant figure in Malaysian politics since its independence.

Tun Mahathir’s protectionist tactics during the Asian Financial crisis of 1997, that were considered so controversial at the time, have now acted as a model for countries all over the world in the current economic crisis. Under Tun Mahathir, industrialization changed the landscape of the country, manufacturing eclipsed agriculture in economic output, and huge prestige projects like the Petronas Towers and Kuala Lumpur International Airport were completed.

Malaysia aims to become a developed country by 2020, and progress is clearly being made. Economic growth is steady, Islamic fundamentalism is held in check, corruption is far less than in many Asian states, and race relations are generally harmonious.

Part of Malaysia’s Vision 2020 strategy includes focusing on sustainability and green technology. The Ministry of Energy, Green Technology and Water is the key coordinator and facilitator for the green technology roadmap and has already taken a lead in going green.

The Malaysian government has allocated billions towards companies that have enacted green technologies and environmentally sustainable initiatives. Thus far, the government is sending out preliminary signals that incentives will be the way to go to promote the national green agenda.

EDUCATION AND SUSTAINABILITY

The higher education sector in Malaysia is under the jurisdiction of the Ministry of Higher Education and has always enjoyed the highest national development budget . This symbolizes the commitment of the Malaysian government towards education. Higher education has grown tremendously during the past decade and Malaysia is fast becoming a centre of educational excellence in the region. Besides the relatively low cost of education, many choose to study here because Malaysia as an ideal gateway to develop Asian networks and relationships. They are also able to learn from Malaysia’s great diversity and rapid economic development.

Higher education institutions in Malaysia are aware of challenging global issues and want to produce students that make a lasting difference at all levels. Sustainability is now a focal platform to create a new future.

The starting point is to integrate sustainable development into the educational system so that future generations can be nurtured and imbued with the need to embrace ecological protection, conservation of resources, and human development based on the virtues of equity, accessibility, and quality.

The education strategies for sustainable development in the new century call for a total commitment from all Malaysians under the One Malaysia agenda, with a sense of urgency in the face of increasing competition. Education development plays an ever important role in building a sustainable, resilient and competitive society. Malaysia is ready to face these challenges in this new century in the field of education, both internally and externally, with the advent of globalization, trade liberalization, and the development of ICT.

TOURISM AND SUSTAINABILITY

“Malaysia, Truly Asia” captures and defines the essence of the country’s unique diversity. It sums up the distinctiveness and allure of Malaysia that make it an exceptional tourist destination. Malaysia is a welcome assault on the senses, a testament to its strong historical influences. The government of Malaysia is focusing more than ever on its tourism industry, which could soon become the nation’s number-one source of foreign exchange.

The bustling capital city of Kuala Lumpur. This is the youngest of Southeast Asia’s capitals, and is reflected in its metropolises dedicated both to multiculturalism and capitalism. Over the last few years, the number of expatriates living in Malaysia have increased.

Six hundred kilometres across the South China Sea from Kuala Lumpur and the Asian mainland is the East Malaysian state of Sarawak. A more different place to Peninsular Malaysia is hard to imagine.

Sarawak’s capital and most populous city is Kuching. The city has grown rapidly and is now home to some world-class hotels and conference facilities. Many international companies are now considering Sarawak as a more interesting destination compared to Hong Kong or Singapore for their business meetings and conventions.

Sarawak is a good example to the rest of Asia for sustainable tourism. Sarawak’s indigenous peoples have for centuries lived in multi-doored longhouses, visits to which are among the highlight of many travelers’ trips to Sarawak. Responsible tour operators in Sarawak bring back to the communities by paying certain longhouses an annual stipend in exchange for bringing in visitors, both Malay and foreign, sums which pay for structural renovations, medical expenses, and travel and education costs for longhouse children. It is an unforgettable and life-changing experience.

Every nation has a bright future if it harnesses all its resources towards economic, social and political success, in-line with global trends. When its leaders have a clear mission and vision. And racial and religious harmony and economic viability are a constant. And sustainability becomes a reality. By this definition, Malaysia is a success story. Selamat detang ke Malaysia. Welcome to Malaysia.