February 23, 2024

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Singapore-Kenya Boost Digital Economy, Sustainable Relations

During his first official visit to Kenya, Prime Minister Lee Hsien Loong thanked Kenyan President William Ruto for his gracious welcome. He noted that, despite their physical distance, Singapore and Kenya have similar perspectives.

“Our peoples share similar aspirations, such as inclusive growth, a high standard of living, ethnic and religious harmony, and good housing, healthcare and education,” said Prime Minister Lee.

Both countries have comparable perspectives on the difficulties the Global South faces. Inflation, pandemics, climate change, rising protectionism, rising geopolitical tensions, and dangers to the multilateral trading system are all issues that both are concerned about.

Both countries agreed that it was critical for nations to keep working to establish connections in the digital economy and to collaborate on issues related to food, energy, and sustainable development. In an increasingly connected world, making connections and partnerships in the digital economy gives people and companies the power to use technology, grow their reach, drive innovation, and achieve sustainable growth.

They reiterated Singapore’s and Kenya’s cordial and long-standing ties. They commemorated the 30th anniversary of their diplomatic ties two years ago. And in areas like governance, public service management, urban planning, and livable cities, the two nations collaborate and share experiences.

Both economic alliances have been expanding. In Sub-Saharan Africa, Kenya is one of Singapore’s key trading partners. Despite COVID-19, bilateral commerce grew by approximately 25% in 2021 compared to the previous year.

Several Singapore-based businesses are active in Kenya in several industries, including shipping, logistics and port management systems, agribusiness, tourism, and fintech solutions. Nairobi is host to a delegation of Singaporean businesses. They came to look for chances to partner with and invest in Kenyan businesses.

The two nations work effectively together in multilateral forums as well. They underlined their common support for multilateralism and a world order based on rules. Singapore and Kenya decided to keep working together at the UN and other multilateral institutions, as well as to work together to improve the UN’s effectiveness.

They also talked about potential new collaborations. In relation to ICT (information and communication technologies). A Memorandum of Understanding (MOU) has been struck in this regard, allowing the parties to share ICT best practices and information and foster innovation and talent development. The MOU would also promote and improve cybersecurity-related strategic cooperation.

In terms of climate change, they have inked an MOU in partnership with carbon credits under Article 6 of the Paris Agreement. This will stimulate, create, and facilitate mutually beneficial joint carbon credit ventures. International cooperation, such as this agreement between Singapore and Kenya, is important to boosting global climate action and achieving the Paris Agreement’s goals.

Both countries place a high value on talent development when it comes to human capital development. The MOU on Skills Development would promote deeper technical cooperation between the two countries in areas such as Leadership and Governance, Education, and Digitalisation. This will be accomplished through knowledge exchange, capacity-building courses, and other forms of collaboration.

There is a lot of room to enhance bilateral collaboration. Kenya’s strategic location acts as a gateway to East Africa for Singapore enterprises. Similarly, Singapore might act as a gateway to Southeast Asia for Kenyan businesses.

Both countries welcome the approval of the bilateral investment treaty and the President’s pledge to resolve the two countries’ Avoidance of Double Taxation Agreement as soon as possible. These initiatives send a strong, positive signal to businesses while also providing clarity and assurance on cross-border transactions and investment.

Singapore is eager to collaborate with President Ruto and his government to advance bilateral relations.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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