The last great frontier: Africa markets and resources
Singapore firms are going beyond its mines to tap its infrastructure, consumer and other opportunities
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[SINGAPORE] Africa may be the last great frontier for business, but after a slow start, Singapore companies are finally making their way there.
"Ten years ago, if you told people you're planning to go into Africa, they would've said you're making a big mistake. Today, the same people will tell you it'd be a mistake not to be there," said Louis Tay, Surbana managing director for Africa.
His sentiments reflect ever-growing optimism about the continent's prospects. According to the International Monetary Fund, over the course of the next five years, half of the world's 20 fastest-growing economies will come from Africa.
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