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Finance

Africa beckons as land of deals for Japan's top banks

Partnerships at Yokohama forum expected to boost investment on the continent

A Masaai herdsman looks after his cattle near wind turbines southwest of Kenya's capital Nairobi. Japanese banks are chasing financial services deals in Africa.   © Reuters

TOKYO -- Japan's trio of leading banks will form collaboration agreements this week with various African financial services providers, paving the way for greater Japanese corporate investment on the continent.

Africa's potential beckons Japanese companies, not only for resource and infrastructure projects but also its growing consumer markets. Yet Japan's banks have made few inroads into the continent, until recently.

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