Africa is one of the few regions globally presenting high double digit growth possibilities. Singapore is testing the waters as Africa embarks on a decisive transformational journey towards prosperity.

Africa is turning an important corner in its development path, embarking on what could be a decisive transformational journey in the direction of prosperity. Responding to a strong undercurrent of economic opportunity across Africa, Singapore has begun testing the waters as Europe, China and the United States double down on their endeavours.

However, with 54 national markets of varying degrees of attractiveness and complexity entry into the Africa market requires patience, diligence and a highly customised local approach. Nevertheless, the verdict for many is that Africa will be one of the few regions globally presenting high double digit growth possibilities.

… Robert MacPherson is an adjunct researcher of the NTU-SBF Centre for African Studies at Nanyang Business School. The centre is a joint initiative of Nanyang Technological University and the Singapore Business Federation. He contributed this specially to RSIS Commentary.