The Democratic Republic of Congo’s Industrial Promotion Fund (FPI) is seeking partnerships with three major Singaporean economic bodies: the Singapore Cooperation Enterprise (SCE), the Economic Development Board (EDB) and Enterprise Singapore (ESG).

FPI Director-General Hervé Claude Ntumba Batukonke met officials from the three institutions during an economic mission to Singapore from November 1 to 8, 2025. The visit was held at the invitation of Embed Financial Group Holdings (EFGH Singapore).

According to an FPI statement, talks with SCE—which develops government-to-government partnerships and capacity-building initiatives—focused on industrial policy, digitalization and skills development. SCE expressed support for reforms underway in the DRC in these areas.

Discussions with the EDB, the agency responsible for attracting investment in sectors such as technology, finance, industry and biotechnology, highlighted opportunities to draw investors into Congolese industrial projects.

FPI also met with Enterprise Singapore, which sees the DRC as a potential partner for future industrial projects. ESG supports the international expansion of Singaporean companies and says it has nearly $20 billion in committed investments across African projects. The agency provides financing, technical support and training for small and medium-sized enterprises.

According to Ntumba, the meetings highlighted the DRC’s economic strengths and presented new investment opportunities in industry. Following the mission, FPI and the Singaporean agencies agreed on several next steps. These include formalizing a bilateral cooperation framework, preparing FPI’s participation in the 2027 International Conference with a list of priority projects, and establishing a mechanism to monitor the progress of investment commitments.

Ronsard Luabeya