S'pore inks three deals with African nations

Singapore

THE government on Wednesday put pen to paper on three major deals with African countries, which will go a long way towards boosting greater trade and investment between Singapore and Africa.

Singapore's Industry Minister S Iswaran was at the opening of the fourth Africa-Singapore Business Forum to sign all three bilateral pacts: An avoidance of double taxation agreement (DTA) with Ethiopia, an investment treaty with Mozambique, and an air-services agreement with Nigeria.

He stressed that Singapore companies have to venture beyond the traditional overseas markets to seize opportunities in untapped economies in region…