Singapore companies’ investments in the African continent cumulatively reached US$23.7 billion as at 2021. As testament to the robust interest to participate in Africa’s growth opportunities, five agreements were inked today at the 7th edition of the Africa Singapore Business Forum (ASBF) 2023 organised by Enterprise Singapore (EnterpriseSG). The Treaty will promote greater investment flows between Singapore and Kenya by protecting the interests of both Singapore and Kenyan investors. In addition, there will be 12 country investment panels covering East Africa, West Africa, Southern Africa and North Africa. Singapore brand owners and manufacturing services companies are keen to partner Africa to address demand in food manufacturing, agro-processing, pharmaceuticals and automotives.

Source: The North Africa Journal September 01, 2023 13:31 UTC