IE-CDB partnership to help S'pore firms in African foray

[SINGAPORE] Singapore companies looking to penetrate the African market can now partner with China Development Bank (CDB) - a heavyweight financier of infrastructure projects, with networks on the continent.

A new memorandum of understanding (MOU) between International Enterprise (IE) Singapore and CDB was inked yesterday at the 10th Joint Council for Bilateral Cooperation (JCBC).

The agreement will see both fostering strategic partnerships between Singapore and Chinese companies in third-country markets, with an initial focus on Africa and South-east Asia.