About Our Members

Pacific International Lines (PIL), led by Executive Chairman SS Teo, is spearheading green and digital transformations in the shipping industry. Recent efforts include investments in LNG dual-fuel ships, collaborations for green fuel solutions, and the development of an intelligent supply chain. PIL's initiatives in China and ASEAN highlight their commitment to sustainable growth and efficient logistics. As the industry faces increasing environmental regulations and operational challenges, PIL's focus on innovation and collaboration positions them to better serve global trade.

Pacific International Lines (PIL) has marked another significant milestone with the inaugural arrival of the 7,092-TEU vessel Kota Tema at Togo's Port of Lome. This environmentally-friendly vessel, the largest ever deployed to Togo by PIL, underscores the company's commitment to enhancing connectivity and supporting Africa's growth. The milestone reinforces PIL's longstanding presence in Africa, dating back to the 1970s, and its dedication to sustainable and efficient shipping solutions.

Mr S.S. Teo, Executive Chairman of Pacific International Lines (PIL) and Chairman of the Singapore Business Federation (SBF)'s Internationalisation Action Committee, SBF, led a roundtable with H.E. Mr. Taye Atske Selassie Amde, Ethiopia's Minister of Foreign Affairs, and his delegation. The discussion highlighted Ethiopia's robust investment opportunities in sectors like ICT, agriculture, and tourism, emphasizing enhanced Africa-sea relations. Ethiopia’s strategic connectivity and investment incentives were spotlighted, underscoring its appeal as a prime investment destination.

On June 5, Pacific International Lines' newest and largest eco-friendly vessel, Kota Tema, made its maiden call to Tema, Ghana. This 7,092-TEU ship, chartered in April, marks PIL's commitment to enhancing operational efficiency and connectivity. Since the 1970s, Africa has been a key market for PIL. This significant deployment underscores their dedication to connecting Ghana and Africa to the world, fostering growth and development across the region.

The ASEACC, based in Singapore, joyfully marked its 10th anniversary with Annual Assemblies, a cocktail, and gala dinner. Singapore's Minister of State for Trade and Industry, Alvin Tan, graced the event, urging collaboration among African, Singaporean, and Southeast Asian businesses. The ASEACC united established and new members, alongside leaders from public and private sectors. The Annual Assemblies coincided with the Africa Singapore Business Forum, attracting over 500 participants.

The Africa Singapore Business Forum (ASBF) is the premier platform for business exchange and fostering trade between Africa and Asia. Since it was launched in 2010, it has brought together over 5,000 business and government leaders from 30 countries to explore partnerships and growth opportunities between these two dynamic regions.

Casablanca/Abidjan, 18 January 2023 - Africa50, the pan-African infrastructure investment platform and Tassec Investment Holdings Africa, announced the completion of Africa50’s equity investment into Scanning Systems, a company specialized in the design, financing, and implementation of One-Stop Joint Border Posts (JBPs) in Africa.

Bridgetown, Barbados, 1 September 2022 – The first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) opened today in Bridgetown, Barbados, with African Export-Import Bank (Afreximbank) announcing that it would work with governments of the Caribbean Community (CARICOM) to set up a Caribbean Exim Bank and that it envisaged committing an investment of US$700 million in the Caribbean.

Despite the numerous, lingering negative effects of the pandemic — from global supply chain disruption and rising inflationary pressures to recurrent waves of COVID-19 infections and the emergence of threatening variants — the globalisation of growth resilience will emerge as one of the most important stories when economic historians reflect on this time. In a major and synchronised reversal, growth bounced back in 2021 in one of the strongest post-recession recoveries in decades.

Bank of China Limited announced the 2022 First Extraordinary General Meeting of the Bank held on 17 February 2022 elected Mr. Jean-Louis Ekra as Independent Non-executive Director of the Bank. The Bank has received the response from China Banking and Insurance Regulatory Commission on the approval of the appointment of Mr. Jean-Louis Ekra.

Cairo, 19 April 2022: – African Export-Import Bank (“Afreximbank” or the “Bank”) has released the consolidated financial statements of the Bank and its wholly owned subsidiaries, altogether referred to as the Afreximbank Group (the “Group”), for the year ended 31 December 2021. The Group results demonstratedstrong and resilient growth, with interest income crossing the US$1 billion mark once again.

AGRI-FOOD giant Olam Group : VC2 -1.68% has agreed to sell a 35.4 per cent stake in Olam Agri Holdings to the Saudi Agricultural and Livestock Investment Company (Salic) for US$1.2 billion.

Salic is a wholly-owned subsidiary of the Public Investment Fund of the Kingdom of Saudi Arabia.

In a call to discuss the transaction, Olam Group's chief executive Sunny Verghese said this move unlocks the "hidden value" of the Olam Agri business in the group's portfolio and unlocks value for the shareholders of the group.