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Singapore investors scout for Kenya deals - 8 months ago, 14 June 06:47

By: Neville Otuki

Singapore’s Deputy Prime Minister Tharman Shanmugaratnam is in Kenya with a high-powered business delegation that is scouting for partnerships in key sectors of the economy, including technology, manufacturing and construction.

Mr Shanmugaratnam also presided over the opening of his country’s regional business office in Nairobi.

Representatives of more than 20 companies from the Asian nation, including executives from Meinhardt Group – one of the contractors working on Africa’s tallest building (Pinnacle Tower) are in the delegation.

Mr Shanmugaratnam said Singapore, a First World country, seeks to ride on the office to boost investments in the wider East African market.

The deputy prime minister also witnessed the signing of six memoranda of understanding, including a deal by online payment firm Red Dot to provide an alternative e-payment platform to Equity Bank.

The list of deals that were signed includes a partnership between Singapore-based CrimsonLogic and Kenya Trade Network Agency (Kentrade) on technology upgrade to ease cargo ...
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