Latest news with #China-AfricaEconomicandTradeExpo
The Star
5 days ago
- Business
- The Star
Namibia to strengthen partnership with China at economic and trade expo
WINDHOEK, June 5 (Xinhua) -- Namibia will use its participation in the upcoming China-Africa Economic and Trade Expo (CAETE) in China's Hunan Province to deepen strategic partnerships and unlock new development opportunities, the Ministry of International Relations and Trade said Thursday. "Our active participation underscores our commitment to building strategic partnerships with all our development and trading partners, that will unlock opportunities for our citizens and position Namibia as a key player in regional and continental development," the ministry said in a statement. According to the statement, Namibia will take part as one of the guest countries of honor in the 4th CAETE in Changsha, Hunan Province, from June 12 to 15. Flagging CAETE as "a premier platform for economic collaboration between China and Africa," the ministry said "the expo offers Namibian entrepreneurs and investors the opportunity to connect with Chinese business leaders, showcase Namibia's investment opportunities in sectors such as mining, tourism, agriculture and agribusiness, manufacturing renewable energy, and fisheries, as well as exploring new avenues for economic cooperation and private sector collaboration." It also said that Minister of International Relations and Trade Selma Ashipala-Musavyi will lead the country's delegation to the events. "Namibia recognizes the importance of multilateral cooperation platforms like FOCAC and CAETE in fostering sustainable development and sustained economic growth," the ministry said. The events in Changsha are also expected to enhance Namibia's engagement with Chinese investors, support economic diversification, and contribute to the country's long-term development goals.
eNCA
17-05-2025
- Business
- eNCA
African excellence goes global
JOHANNESBURG - If you have ordered from Shein or Temu, then you've heard of Buffalo Logistics. READ | Shein says US tariff hit won't stop fast-fashion flood It has partnered with the SA International E-commerce Association to support the participation of 20 South African SME's at the China-Africa Economic and Trade Expo. Travis Haefele, Buffalo Logistics Commercial Manager, unpacks more on this with eNCA.
The Star
24-04-2025
- Business
- The Star
Kenya holds promotional forum for 4th China-Africa Economic, Trade Expo
NAIROBI, April 24 (Xinhua) -- A promotional conference for the fourth China-Africa Economic and Trade Expo (CAETE) 2025 was held in the Kenyan capital of Nairobi on Thursday, with government officials, diplomats, and business executives in attendance. The forum was hosted by China's Department of Commerce of Hunan Province amid intensive efforts to enhance Sino-Kenya commercial links. Zhou Zhencheng, minister counselor at the Chinese Embassy in Kenya, said that the expo, slated for June 12-15 in the Chinese city of Changsha, has become a powerful engine for connecting African entrepreneurs with Chinese consumers as well as global value chains. He noted that the event symbolized the growing partnership between China and Africa and will help to deepen people-to-people ties. Guo Ning, deputy director general of the Department of Commerce of Hunan Province, said via video that CAETE is a pivotal initiative to drive China-Africa cooperation. She revealed that the expo has been successfully held for three sessions since 2019, with participation from 53 African countries, including more than 40,000 attendees and representatives of about 4,600 Chinese and African enterprises. Floice Mukabana, chief executive officer of Kenya Export Promotion and Branding Agency, said that CAETE serves as a critical platform for Kenyan exporters to connect with buyers, distributors, and partners in the vast Chinese market. Mukabana observed that China remains a critical trade and investment partner for Kenya with vast untapped export potential, especially in fresh produce, value-added agricultural and processed foods, textiles, and leather products. Ezekiel Mosongo, head of bilateral trade at the Ministry of Investments, Trade, and Industry, said that since its inception, the expo has grown to become a cornerstone of the Forum on China-Africa Cooperation, not as a marketplace for goods and services but also as a platform for innovation, dialogue and long-term collaboration. Mosongo added that Kenya recognizes the expo as both a trade event and an enabler for the national development agenda, particularly in such areas as agribusiness, manufacturing, and digital innovation.
The Star
24-04-2025
- Business
- The Star
Feature: Kenyan traders target vast Chinese market to boost agricultural exports
NAIROBI, April 24 (Xinhua) -- In the lush highlands of the central Kenyan county of Murang'a, Newton Ngure, a middle-aged entrepreneur, has forged long-term friendships with smallholder farmers who grow Hass avocado for local and international markets, with China emerging as a promising destination. "China is a huge market for our agricultural products, and more so for Hass avocado," he said. "It will be good for Kenyan exporters to comply with certification requirements to increase our export volumes." Since launching his start-up in Nairobi, Kenya's capital, Ngure has partnered with farmers, aggregators, and other players in the Hass avocado value chain. Now, the Kenyan business owner has set his sights on the Chinese market. On Thursday, Ngure spoke on the sidelines of the fourth China-Africa Economic and Trade Expo (CAETE) Promotion Conference, which brought together senior government officials, diplomats, industry executives, and budding entrepreneurs. As with Ngure who graced the half-day event, dozens of Kenyan traders also expressed the same desire to participate in this year's CAETE, which will be held in Changsha, the capital of central China's Hunan Province, from June 12 to 15. Ngure said his company is in talks with potential Chinese importers, aiming to ship 2,000 metric tons of Hass avocados each month. In the long term, Ngure said his firm, which primarily focuses on aggregation, aims to export up to 200,000 metric tons of Hass avocados to China, upon fulfilling all safety and hygiene standards mandated by Chinese customs. "China's market really has an appetite for Kenyan products, and it will be good that we look at the opportunities and comply," Ngure said. "We are working with various stakeholders to consolidate consignments for Hass avocado sourced countrywide. It is an opportune moment for us to venture into the Chinese market." Josephine Ndikwe, head of trade and exports at Jotim Coffee Limited, is also preparing to attend the 2025 CAETE with ambitions to solidify new partnerships. Her company, which specializes in premium coffee, has exported to China since 2022 -- with volumes rising due to favorable customs policies and growing consumer interest. Having partaken in the 2023 and 2024 editions of CAETE, Ndikwe hopes this year's expo will expand her company's footprint in the Chinese market. "What I look forward to is expanding my market reach in China. We also want to venture into exporting already finished goods. That is roasted coffee, Arabica beans because we believe the market in China is big," Ndikwe said. She added that against the backdrop of U.S. punitive import tariffs, China emerges as an alternative market for Kenya's coffee growers and exporters. According to Ezekiel Mosongo, head of bilateral trade at the Ministry of Investments, Trade, and Industry, Kenya aims to increase the volume of agricultural commodities exported to China, such as Hass avocado, coffee, macadamia, cut flowers, black tea, and aquatic products, as economic ties between the two sides are flourishing. Mosongo hailed China for reducing levies on Hass avocado and cut flowers imported from Kenya, adding that the government has prioritized value addition to boost the competitiveness of agricultural products overseas. Simon Gakinya, founder and managing director of Mount Kenya Specialty Tea and Coffee Co., Ltd., believes that policy harmonization and dialogue among businesses will be key to boosting the export of Kenya's agricultural commodities to China.
