Read more at https://www.channelnewsasia.com/news/singapore/singapore-aims-to-be-a-gateway-to-asia-for-african-companies-10660904
(Updated: )
Ricky Lim
According to Singstat, foreign direct investment from Africa into Singapore amounted to S$27.4 billion in 2016.
In 2017, trade between Singapore and Africa amounted to S$9.78 billion according to data from Enterprise Singapore, while Singapore investment into Africa reached S$18.5 billion in 2016, making the republic its 7th largest trading partner.
According to the United Nations, Singapore is Africa's largest Southeast Asian trading partner.
Enterprise Singapore highlighted two growth engines in the areas of deepening digital capabilities and addressing Africa's manufacturing needs.
According to a McKinsey report, Africa’s consumer spending is expected to reach US$2.1 trillion (S$2.86 trillion) by 2025, and that its e-commerce purchases are projected to hit US$75 billion (S$102 billion) in the same year.
--
The whole Africa continent provide a very good potential for business, investment and trade for Singapore --- good to intensify and extend the business, investment and trade with Africa - and contribute to Singapore Economy.
In 2017, trade between Singapore and Africa amounted to S$9.78 billion according to data from Enterprise Singapore, while Singapore investment into Africa reached S$18.5 billion in 2016, making the republic its 7th largest trading partner.
According to the United Nations, Singapore is Africa's largest Southeast Asian trading partner.
Enterprise Singapore highlighted two growth engines in the areas of deepening digital capabilities and addressing Africa's manufacturing needs.
According to a McKinsey report, Africa’s consumer spending is expected to reach US$2.1 trillion (S$2.86 trillion) by 2025, and that its e-commerce purchases are projected to hit US$75 billion (S$102 billion) in the same year.
--
The whole Africa continent provide a very good potential for business, investment and trade for Singapore --- good to intensify and extend the business, investment and trade with Africa - and contribute to Singapore Economy.
No comments:
Post a Comment