Singapore hints of expanding investment and IP cooperation with Africa

By:  Nana Appiah Acquaye

Singapore has reaffirmed its commitment to deepening economic and intellectual property cooperation with Africa as the continent undergoes rapid growth driven by a young population and a fast-evolving innovation landscape. Speaking after attending the 49th Session of the African Regional Intellectual Property Organisation (ARIPO) Administrative Council in Accra, Ghana, Kong Hwee Tan, Chief Executive of the Intellectual Property Office of Singapore (IPOS), highlighted the increasing opportunities for collaboration.

Africa’s demographic and economic trajectory continues to shift global attention. By 2050, the continent is expected to account for one-quarter of the world’s population. In 2024, African startups secured more than US$2 billion in funding, while the African Continental Free Trade Area is gradually opening one of the largest unified markets in the world.

Singaporean businesses have been steadily expanding their footprint on the continent. Singapore is now the eighth-largest investor in Africa, with more than 100 enterprises operating across over 40 countries in sectors such as fintech, urban solutions, agritech and logistics.

Mr. Kong noted that intellectual property systems play a central role in supporting enterprise growth and cross-border expansion, offering businesses the confidence to innovate and invest. His participation in the ARIPO Administrative Council provided an opportunity to reconnect with leaders across Africa’s IP community and explore ongoing initiatives to raise awareness among creators and enterprises.

He said the discussions in Accra revealed significant potential for enhanced cooperation, particularly in areas of mutual learning and enterprise support. The engagement underscored the growing alignment between African markets and Singapore’s innovation-driven economy as both regions seek stronger IP frameworks to support emerging industries and cross-regional partnerships.