Budget 2025: MITI Urges Malaysian Companies To Explore Opportunities In Ethiopia

26 Oct 2024

Malaysian companies are urged to explore new business opportunities in Ethiopia, taking advantage of the RM40 million allocation announced recently in the Budget 2025, said the Ministry of Investment, Trade and Industry (MITI).

Its minister Tengku Datuk Seri Zafrul Abdul Aziz said the allocation will help Malaysian exporters access existing and new markets, including in Africa.

“Ethiopian Prime Minister Dr Abiy Ahmed Ali is currently in Malaysia for an official visit.

“The Malaysian delegation’s discussion with him includes efforts to improve bilateral relations and cooperation, including in investments, the halal industry and commodities,” he said in a post on X today.

Under the Budget 2025 tabled on Oct 18, the government allocated a total of RM2.18 billion to MITI.

In terms of market exploration for Malaysian products and services, a reimbursement grant of RM40 million will be allocated to MATRADE to help exporters penetrate new and diverse markets, including Africa, Latin America and West Asia.

Source: Bernama