Singapore Hosts Africa-Singapore Business Forum, Fostering Tech and Economic Growth
The 8th Africa–Singapore Business Forum, held in Singapore on Tuesday, August 26, 2025, saw President John Dramani Mahama of Ghana advocate for stronger partnerships between Africa and Singapore. The forum served as a platform to discuss crucial avenues for economic development, particularly focusing on job creation, technology transfer, and bolstering overall prosperity for both regions. The discussions took place against the backdrop of challenging global economic factors, including financial constraints and supply chain disruptions.
Strengthening South-South Collaboration for Technological Advancement
President Mahama highlighted the critical importance of South-South collaboration in the current global climate. He emphasized that partnerships between Africa and Singapore are not a luxury but a necessity, given the volatile economic landscape. He urged both regions to become advocates for open markets, robust rules, and practical collaborations, which would subsequently drive job growth, facilitate the transfer of technology, and foster shared prosperity. The president also emphasized the imperative to strengthen financial institutions to address the continent’s economic needs. He noted a $1.3 trillion financing gap across Africa, alongside extensive infrastructure needs.
The forum provided a crucial opportunity to examine strategies for boosting economic resilience and innovation within Africa, specifically in areas concerning technology adoption. The president promoted Ghana’s 24-Hour Economy model.
Conclusion
In conclusion, the Africa-Singapore Business Forum underscored the critical role of collaborative efforts in driving economic advancement. The discussions, led by President Mahama, highlighted the significance of technology transfer, job creation, and robust financial frameworks in promoting sustainable growth. The emphasis on open markets and resilient partnerships suggests the potential for significant advancements in African economies.
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