More Singapore firms venturing into 'challenging' Africa

(From left) Cross River State's director-general of bureau of public-private partnership Udiba Effiong Udiba; Arcadier co-founder Kenneth Low; Arcadier CocoaOne president Adaeze Ekwueme; and Arcadier chief financial officer Tang Jiunn Shyong at the s
(From left) Cross River State's director-general of bureau of public-private partnership Udiba Effiong Udiba; Arcadier co-founder Kenneth Low; Arcadier CocoaOne president Adaeze Ekwueme; and Arcadier chief financial officer Tang Jiunn Shyong at the signing of a memorandum of understanding between Arcadier and the Cross River State government in the Nigerian state in April.PHOTO: ARCADIER

It is 'long-term play', say experts, but there is potential in areas like services, infrastructure

A Singapore tech start-up that makes it easier for businesses to set up online marketplaces is aiming to help farmers in the Cross River State in Nigeria sell their cocoa beans and products domestically and to the world.

Arcadier, as the firm is called, is quick to acknowledge that this ambitious project will be challenging.

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A version of this article appeared in the print edition of The Straits Times on September 24, 2018, with the headline 'More S'pore firms venturing into 'challenging' Africa'. Print Edition | Subscribe