[Updated] Business Mission to Ivory Coast & Ghana in conjunction with High-Level Visit
(26 March – 2 April 2017)
Singapore Business Federation’s Africa Business Group (AfBG) is organising a Business Mission to the Republic of Ivory Coast and Republic of Ghana from 26 March – 2 April 2017, in conjunction with a high-level visit.
The delegation will be visiting Abidjan, Ivory Coast’s economic capital, largest city and port; and Accra, Ghana’s political and economic capital.
The following sector-specific tracks are being arranged. Other tracks may also be included, but are dependent on the delegation composition and relevance.
- Track 1 : Urban Development, Construction Materials and Services
- Track 2 : General Trade (including FMCG and halal foodstuff)
- Track 3 : Agribusiness / Fisheries
- Track 4: Oil and Gas
Meetings will be facilitated with government, leading state-owned, local conglomerates and international companies in the various sectors where relevant.
The objectives of this mission are for participants to gain a first-hand understanding of the market dynamics and emerging sectors, and establish useful business and official contacts through our network of Africa-based associations and chambers, investment promotion agencies and professional services.
Mission Programme Highlights
- Briefing sessions on the countries’ latest developments, investment and business opportunities, tax and legal systems
- Meetings and site visits with various local conglomerates and government ministries where relevant
- Business matching and networking with members of the respective local business communities, and representatives of the chambers and associations, government ministries, key conglomerates and Singapore companies there
- Singapore roadshows, which will be coupled with networking sessions with the local business communities
Please contact Ms Eileen Lee (firstname.lastname@example.org) by 10 Feb (Fri) to indicate your interest, and for more details on the programme and costs.
Key Facts about Ivory Coast
- Population of 20.6 million, of which some 40% are Muslims, with median age of 20.3 years
- Business and logistics hub for the West Africa region, due to its strong infrastructure network in place, playing a key role in transit trade for neighbouring landlocked countries
- Experienced GDP growth of over 9% over the past four years, with IMF forecasting GDP growth to be around 8.5% in 2016, as the fastest growing economy in Sub-Saharan Africa
- Largest economy in the West African Economic and Monetary Union (WAEMU), representing 40% of the union’s GDP
- Ranked 1st overall in Nielson Africa’s Africa Prospect Indicators report (2016), which ranks African countries based on their macro-economic, business, consumer and retail prospects
- Endowed with natural resources – manganese; gold; nickel; diamonds; iron; cobalt; oil and gas
Key Facts about Ghana
- Population of 25.9 million, of which 57% are under 25
- West Africa’s 2nd largest economy with a forecasted GDP of 7.4% in 2017 after a slow 2016 – the lowest in two decades
- Ranked 7th in Africa as least corrupt in the Transparency International Corruption Perception Index, and 8th in the Ibrahim Index of African Governance
- Alike Ivory Coast and Nigeria, also a member of the Economic Community of Western African States (ECOWAS), with a regional population size of some 300 million
- One of Africa’s top gold producers and world’s 2nd largest cocoa producer, with other natural resources including oil, natural gas, timber, diamonds, bauxite, manganese and fish
- Regarded as one of the most politically stable countries in Africa, with favourable foreign investment policies