Singapore Eyed for AfDB Membership

Singapore may soon join the small group of Asian member countries of the African Development Bank, which includes China, India, Japan and South Korea, the Business Times reports. Membership to the regional development bank will allow Singapore to bid for public contracts in Africa, the newspaper notes.

AfDB President Donald Kaberuka, speaking at a Tokyo conference, noted that Singaporean businessmen are showing increased interests in investing in African countries. He further encouraged businessmen from other Asian countries to consider entering into partnerships with AfDB.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.