JAKARTA – INSTANT noodle producer Indofood plans to build a factory in Morocco, its sixth in Africa, this year.

It is one of a growing number of Asian companies investing in the continent of late.

More natural resources from Africa, such as crude oil from Angola, are also flowing to Asia.

But trade between both regions remains well below its potential, and business leaders on both sides today agreed to form an Asian-African Business Council (AABC) to step up links, share know-how and boost investments.

Source: The Straits Times/Asia

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