Home   >   News   >   Latest   >   African Development Bank chief calls for more investment from Japan

African Development Bank chief calls for more investment from Japan

By on April 9, 2010

donald-kaberukaVisiting African Development Bank President Donald Kaberuka on early April called on Japan‘s private-sector companies to expand investment in African countries, saying that economic ties between Asia and Africa have been strengthening every year.
At a news conference in Tokyo, Kaberuka emphasized that the African economy will continue to grow in the future as it has recovered from the economic crisis and the middle class has been growing.
From Asia, not only has China been intensifying its resource diplomacy with Africa but such countries as India and Singapore have also been increasing investment in Africa in finance and information technology, among other fields, Kaberuka said.

He also expressed hope that Japan, whose investment in the African bank is the third largest, after Nigeria and the United States, would invest more, saying he hopes to at least double the bank’s capital.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.