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Business Mission To The Nigeria And Ghana
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To encourage local businesses to venture overseas to explore new emerging growth markets, the Singapore Business Federation (SBF) is organizing a business mission to Nigeria and Ghana on the 11-18 October 2009.
The mission is intended to introduce new companies to these rapidly expanding markets. For companies that are already active in the region, this mission is also a great opportunity for you to make new contacts and reinforce existing relationships. The highlights of this mission include briefings by government agencies and other business organizations like business services providers, banks etc. You will also get to meet the potential business partners through invitations by our partner organizations and through advertisement in local newspapers.
The Singapore brand name enjoys a good premium and reputation in both Nigeria and Ghana. Both countries currently import most of the goods and services it requires. Therefore, we invite businesses that are interested to seek new export or investment opportunities in these two countries to join us on this mission.
Spotlight on Nigeria
- Nigeria growth rate in 2008 was closed to 6.1%
- Nigeria has the largest market in Africa (pop. 149 million) and the primary economic power in West Africa
- The country is rich in numerous resources and is the 12th largest producer of petroleum in the world
- Nigeria is an economy that is too significant to overlook and the numbers of Singaporean businesses that had enjoyed success are growing
- Nigeria's total trade with Singapore in 2008 stand at S$612.50 million, a significant increase S$391.19 million in 2007.
Spotlight on Ghana
- Ghana with a population of 20 million, is a hub of businesses operating in West Africa
- Ghana growth rate in 2008 was closed to 6.3% and it has long been a model of economic growth in the region and offers strong political stability
- Has found a significant source of oil and gas and oil, production is expected to begin in 2011
- Economy is expected to grow significantly in near term as the Ghanaian government aims to channel the oil proceeds into building the economy
- Ghana's total trade with Singapore in 2008 stands at S$204.77 millions, up from S$171.88 millions in 2007.
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Business opportunities present in these sectors:
General Trading Logistics Oil and Gas Consumer Goods Infrastructure Healthcare ICT Commodities Agriculture Mining Tourism Services Energy Real Estate Waste Management Textiles and Garments
Due to limited availability of seats, registered participants are subject to confirmation by SBF. We would require businesses that are keen to partake in the mission to INDICATE YOUR PARTICIPATION BY 18 SEPTEMBER.
Estimated Costs: (*SBF members will receive preferential rates on common costs):
| 1 |
Air Tickets (Estimated)
Accommodation (Estimated)
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S$3264 (International + domestic flight)
Nigeria Hotel - USD$350/night and Ghana Hotel – USD$250/night
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| 2 |
Common Cost (incl. local
transfers, meals, networking,
brochures, gifts and other
miscellaneous expenses) |
i) S$2675* (SBF member)
ii) S$2996* (Non member)
*both amounts are inclusive of GST
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New Subsidies! Covers up to 60% of air ticket and accommodation!
Eligible companies can apply to International Enterprise Singapore for double tax deduction for accommodation and air travel costs for up to 2 representatives per participating company. You can apply to this scheme at http://dtd.iesingapore.com but companies must make their application at least 7 days before departure. *Common cost subsidized under IMAP is already factored into the estimated common cost.
For any queries, please contact George Chan or Zann Chua at 6827 6842/836.
Ref No: MEAF 158/111009/09W
REGISTRATION SLIP - Attn: George / Zann
Fax: 6720 2873
(Closing date: 18 September 2009)
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