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Minister of State Dr Koh Poh Koon on Five-Day Visit to Uganda and Tanzania
Press Release
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26 APR 2016
Minister of State Dr Koh Poh Koon on Five-Day Visit to Uganda and Tanzania
Minister of State Dr Koh Poh Koon on Five-Day Visit to Uganda and Tanzania
MINISTER OF STATE DR KOH POH KOON ON FIVE-DAY VISIT TO UGANDA AND TANZANIA
Minister of State for Trade and Industry Dr Koh Poh Koon is visiting Uganda and Tanzania from 25 to 29 April 2016 to explore new growth opportunities in the East Africa region.
The East Africa region has achieved an average of 6% GDP growth since 2005. Singapore’s bilateral trade with Uganda amounted to S$34.7 million in 2015, and has grown at a Compound Annual Growth Rate (CAGR) of 37% since 2010. Diversifying growth beyond commodities, the East Africa region has been shifting towards a service-driven economy, presenting opportunities that can be reaped by Singapore companies.