SIN­GA­PORE-AFRICA: FIRST COME FIRST SERVED

The Africa Report - - LETTERS -

Africa still is an un­der­ex­plored mar­ket for most Sin­ga­porean com­pa­nies [‘Stronger ties, bis­cuit by bis­cuit’, TAR90 May 2017]. While Global FDI in the African con­ti­nent in­creased by 41% be­tween 2007 and 2015, Sin­ga­pore’s share of for­eign investment in Africa dropped from 10.3% to 3.4% in the same pe­riod. Mis­con­cep­tions and lack of knowl­edge pre­vent more Sin­ga­porean com­pa­nies ven­tur­ing into Africa. Only grow­ing co­op­er­a­tion be­tween gov­ern­ments and con­stant mu­tual ex­po­sure can change that. The first-com­ers are al­ready col­lect­ing the gains of their in­vest­ments: com­pa­nies such as In­do­rama, Olam, PIL, Wil­mar, To­laram, Crim­son­logic, Sur­bana Jurong, Vega Foods, Aluz­inc and Hyflux. They are live ex­am­ples of the op­por­tu­ni­ties await­ing in Africa. Otavio Veras, Re­search As­so­ciate, NTU-SBF Cen­tre for African Stud­ies

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