The pace at which economic partnerships have developed between countries in the ASEAN region and their counterparts in Africa in the past few decades have led to deliberations regarding the possibilities of an ASEAN-Africa model of cooperation. In addition to becoming one of the favoured destinations for FDI outflows from ASEAN, African countries have also become vital trading partners. While most of the initial investments were focused on the energy sector, with time the portfolios have steadily diversified into financial services, telecommunications, shipping, water sanitation and infrastructure among others.