PM Razak said Africa is experiencing a form of economic resurgence with an average economic growth of 5% in the recent past compared to 4,2% being experienced globally.
He said Malaysia is looking forward to producing more and promoting the SMEs sector and he called on African countries to look more to developing economies such as Malaysia for their products.
PM Razak said problems like poverty, unemployment and other challenges facing developing countries are common and that the dialogue is an opportunity for theÂ affected countries to get together, share experiences and chat the way
He also highlighted the need to curb rural-to-urban migration through appropriate technologies and to be committed to the attainment of the UN Millennium Development Goals.
He shared with participants to the 2011 dialogue how Malaysia has strategised towards the achieving of its national vision through the people first approach, the prioritisation of innovation and other policies.
At the same ceremony the Malaysian PM announced a US$12 million scholarship programme for African students to study at Malaysian universities.
Limkokwing, which has campuses in Lesotho, Botswana and Swaziland, offered the scholarships to deserving students for Smart Technology and Creativity degree programmes to all African countries.
The scholarship programme comprise 45 full-tuition scholarships, 450 partial scholarships whose tuition fees are 30% less, and 5 day training in transformational leadership for 150 government officers.