Clarification by Minister of State for Trade and Industry

The following reply was made in the speech by the Minister of State for Trade and Industry (Mr Alvin Tan) during the Committee of Supply debate for the Ministry of Trade and Industry at the Sitting of 6 March 2025:

The Minister of State for Trade and Industry (Mr Alvin Tan) The Minister of State for Trade and Industry (Mr Alvin Tan): Mr Chairman, we are also strengthening ties with Africa, a vast, young and rapidly growing region with vast potential. I have visited Africa many times too. In fact, I was just in Rwanda last week to advance discussions on Article 6 carbon credits cooperation, digital and AI, and fintech. I have also met many Singapore-based companies who are venturing into Africa, including GenZero, an investment firm exploring carbon credit projects in Ghana, Kenya and South Africa. This year, we will host the Africa Singapore Business Forum, a biennial platform that has connected over 5,000 business leaders from Africa and Asia since 2016. [Please refer to "Committee of Supply – Head V (Ministry of Trade and Industry)", Official Report, 6 March 2025, Vol 95, Issue 159, Budget section.]

Written statement by Mr Alvin Tan circulated with leave of the Speaker in accordance with Standing Order No 29(5):

I wish to make the following factual correction to my speech given during the Sitting of 6 March 2025. My statement should read as follows:

The Minister of State for Trade and Industry (Mr Alvin Tan) : Mr Chairman, we are also strengthening ties with Africa, a vast, young and rapidly growing region with vast potential. I have visited Africa many times too. In fact, I was just in Rwanda last week to advance discussions on Article 6 carbon credits cooperation, digital and AI, and fintech. I have also met many Singapore-based companies who are venturing into Africa, including GenZero, an investment firm exploring carbon credit projects in Ghana, Kenya and South Africa. This year, we will host the Africa Singapore Business Forum, a biennial platform that has connected over 5,000 business leaders from Africa and Asia since

2010: .