China-Africa trade expo in Kenya ends with call for robust business ties

Business
By Xinhua | May 12, 2024

 

Audiences take photos of a performance at the Changsha International Convention and Exhibition Center during the third China-Africa Economic and Trade Expo in Changsha, central China's Hunan Province, July 1, 2023. [Xinhua]

The China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 ended Saturday in Nairobi, the capital of Kenya, with participants renewing a call for increased Sino-Africa business relationship.

Pius Rotich, the general manager of Investment Promotion and Business Development at the Kenya Investment Authority, said that the expo provided a platform for Chinese enterprises to establish connections with their counterparts from across Africa.

"We hope that the links created in the ="https://www.standardmedia.co.ke/business/business/article/2001494880/kenya-seeks-to-strengthen-trade-ties-at-china-expo">expo will boost trade between< China and Africa," Rotich said.

The three-day event which attracted a high-level delegation from central China's Hunan Province was hosted by the secretariat of the Organizing Committee of China-Africa Economic and Trade Expo (CAETE) as well as Kenya's Ministry of Investment, Trade and Industry.

Gao Wei, the managing director of Afripeak Expo Kenya who was among the organizers of the exhibition, said that the expo generated a lot of interest among Africa's business community who were keen on forging ties with Chinese enterprises.

During the expo, at least ten trade agreements were signed between African and Chinese enterprises including those involving Tanzania ="https://www.standardmedia.co.ke/business/article/2000167849/china-trade-week-expo-opens-in-nairobi">Sunflower Oil Processing Plant Project<, Yongzhou Inland Port Group-Djibouti Overseas Public Warehouse Construction project as well as a cooperation project on trade in Kenya's dried fish.

The expo featured seminars, networking and matchmaking and an exhibition of more than 100 enterprises in the area of machinery equipment, food and agriproducts, electromechanical and information products, biomedicine as well as logistics.

Share this story
Competition watchdog intervenes as Starlink suspends new client sign-ups
Competition Authority of Kenya says customers can lodge complaints over proposed remedial measures. Elon Musk’s firm has been rapidly expanding in Africa with satellite internet.
How telcos are defrauding Kenyans with expiry data
Parliament terms practice as fraud executed by Telcos for undue profits, want the providers to start compensating clients for unused data.
Public debt now at Sh10.6tr
External debt payments almost doubled to hit Sh756 billion as the government intensifies efforts to cut its appetite for domestic credit that has squeezed out the private sector.
Access to smartphones is crucial to bridging digital gap
Several recent technology-based developments in Kenya have highlighted a challenge related to the glaring digital divide.
Let's not play victims over lender bullying
Treasury Cabinet Secretary John Mbadi has lamented an ‘embarrassing’ situation he faced during the 2024 annual meetings of the World Bank and IMF in the US.
.
RECOMMENDED NEWS