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: Singapore-Africa economic relations expand with bilateral trade growing at 15% per annum; company interest on the rise

MR No.: 041/23

Economic relations between Singapore and Africa continue to expand, as bilateral trade in goods grew by around 15% per annum between 2019 to 2022, reaching S$19.4 billion in 2022. Singapore companies’ investments in the African continent cumulatively reached S$32.1 billion as at 2021.

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