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Singapore fintech firms joining the dots in Africa's digital frontier

Enterprise Singapore helping local digital companies dive into the emerging market to offer banking, trade finance and other financial services

Annabeth Leow

Published Thu, Aug 16, 2018 · 09:50 PM

Africa

Singapore

ONE of the world's leading mobile-money markets is farther afield than many might venture - but Kenya, on Africa's east coast, is fertile ground for Singapore firms tapping the digital economy. And other countries on the continent are no slouch, either.

Government agency Enterprise Singapore (ESG) helped 10 home-grown digital companies in their move to Africa in the past year, according to figures provided to The Business Times - a sizeable chunk of the 60-odd Singapore businesses it has supported there.