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Media Releases
23 Aug 2021 Updated 23 Aug 2021

Singapore companies’ projects in Africa doubled in five years

MR No.: 061/21

Over the last five years , the number of projects by Singapore companies in Africa doubled. Many of these projects were in the infocomm media (ICM), urban infrastructure and food sectors. In 2020, despite the pandemic, Enterprise Singapore (ESG) facilitated 20% more projects by Singapore companies in Africa compared to 2019. The pandemic has accelerated the demand for digital solutions and opened up new opportunities for Singapore companies. In the first six months of 2021, close to half of the projects facilitated by ESG involved technology solutions in fintech, blockchain and artificial intelligence. In addition, almost half of the 18 Memoranda of Understanding and agreements signed at the Africa Singapore Business Forum (ASBF) 2021 between Singapore companies and their African partners were technology-related.  

Click here to read the full release.

Click here to read the Welcome Address by Mr Peter Ong, Chairman, Enterprise Singapore at ASBF.