Bilateral trade in goods between SG-Africa growing at 15% per annum

As of 2022, trade value between the two markets has reached $19.4b.

Between 2019 to 2022, bilateral trade in goods between Singapore and Africa has grown at 15% per annum, data from Enterprise Singapore (EnterpriseSG) showed.

In value, bilateral trade between the two markets has reached $19.4b.

EnterpriseSG said the growing investments of Singapore companies in the African continent are also a testament to the expanding economic relations between the two markets.

As of 2021, the amount of investments by Singaporean companies to the African continent has reached $32.1b.

“Singapore companies are recognising the value of diversifying their businesses to markets further afield and have been responding to our call to explore Africa,” Tan Soon Kim, deputy CEO (Global Markets) at EnterpriseSG, said.

To further build Singapore’s relationship with Africa, Singapore and African companies inked five agreements at the 7th edition of the Africa Singapore Business Forum.

The agreements span manufacturing, digitalisation and technology, sustainable development, transport and logistics sectors.

Parties involved in the agreements include Robust International, Trames, Adatos, NivéSal, Sky 40-40 Company, Kenyan Investment Authority (KenInvest) , Jasco Investments, GreenA Consultants, and Conseil National de l’Ordre des Architectes de Côte d’Ivoire (CNOA).

Follow the link for more news on

Enterprise Singapore

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia