Singapore firms should be aware of the opportunities in Africa, ‘break new ground’: PM Lee

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Singapore firms should be aware of the opportunities in Africa, ‘break new ground’: PM Lee
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Amid the difficult global environment, he urged businesses to look further afield while strengthening their existing ventures. Read more at straitstimes.com.

NAIROBI - As Singapore companies look to enter new markets, they should pay attention to Africa, which holds many business opportunities, said Prime Minister Lee Hsien Loong on Thursday.

“But while we develop these established places, we need to go and break new ground. And Africa is one of the continents which we have to pay attention to.” He said on Thursday: “There are countries with a lot of problems, there are other countries where there’s promise. And there are countries which are complex, but there are opportunities within them if you know whom to partner, and what areas to go into.On Tuesday, while he was in South Africa, PM Lee noted that there were Singaporean firms which had found their niches in these countries and had grown and prospered.

while officials from both sides will work to settle an avoidance of double taxation agreement as soon as possible.

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