Singapore opens Nairobi office to promote investments in East Africa
Singapore Deputy Prime Minister and Coordinating Minister for Economic and Social Policies Mr. Tharman Shanmugaratnam (L) with the Kenya Cabinet Secretary for Ministry of Industry, Trade and Cooperatives Adan Mohamed
Singapore has opened an office in Nairobi to promote the country’s investments in East Africa, and also promote partnerships between Singapore and East African companies. The office was opened by the Enterprise Singapore (ESG), the agency that promotes the growth of Singapore’s overseas investments and trade.
The office, dubbed the Nairobi Overseas Centre, will also allow Kenyan and African companies, including SMEs, to leverage Singapore as a gateway to capture growth opportunities in Asia. This is the third such office in Africa, after Johannesburg (South Africa) and Accra (Ghana).
On 12 June 2018, the Kenyan and Singapore governments signed Bilateral Investment Treaty (BIT) and Avoidance of Double Taxation Agreement (DTA) agreements to further cement bilateral economic ties. The signings were witnessed by Singapore’s Deputy Prime Minister Shanmugaratnam.