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Africa's a growth market, but it's a long-term play

Singapore

INVESTING in Africa is a long-term play, various experts have cautioned, even as one national strategist has identified the continent's digital economy as a brand-new growth area for Singapore.

Enterprise Singapore global markets director G. Jayakrishnan singled out technology and food manufacturing as sectors for Singapore investors to explore, along with traditional ones such as oil and gas engineering.

Citing bilateral trade and direct investment growth, he told The Business Times that the agency is "quite pleased" with the progress that has been made since just before 2010, when it started taking a more active look at the continent.

Mr Jayakrishnan, in remarks made ahead of the Africa-Singapore...

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