• Industry Promotion Fund explores partnerships with three Singapore agencies

• Talks focus on governance, digital tools, and efforts to attract investors

• Parties plan a cooperation framework and follow-up process after the mission

The Industry Promotion Fund (FPI) is seeking new partnerships in Singapore as part of its strategy to diversify financing sources for industrial projects in the Democratic Republic of Congo. From November 1 to 8, 2025, Director General Hervé Claude Ntumba Batukonke (photo) met with three key institutions: the Singapore Cooperation Enterprise (SCE), the Economic Development Board (EDB), and Enterprise Singapore (ESG). The mission took place at the invitation of Embed Financial Group Holdings (EFGH Singapore).

According to the fund, discussions with the Singapore Cooperation Enterprise focused on industrial governance, digital solutions, and skills transfer. The SCE, which manages government-to-government partnerships and capacity-building programs, welcomed ongoing reforms in the DRC.

Talks with the Economic Development Board, the agency responsible for attracting investment in technology, finance, industry, and biotechnology, helped identify opportunities to bring new investors into Congolese industrial projects.

The delegation also met with Enterprise Singapore, which sees the DRC as a potential partner for upcoming industrial initiatives. The agency, which supports Singaporean companies expanding abroad, reports nearly $20 billion committed to various projects across Africa. It assists small and medium enterprises through financing, technical support, and training.

Hervé Claude Ntumba said the mission helped showcase the DRC’s economic strengths and promote new industrial investment opportunities. Following the visit, the fund and the Singaporean agencies agreed to work on a bilateral cooperation framework, prepare the fund’s participation in the 2027 International Conference with a list of priority projects, and establish a follow-up mechanism to support the implementation of investment commitments.