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Africa seeks more exports to China through expo

NAMPA
Xu Zheng and Zhu Shaobin - Fridah Mbaya is exhilarated by her trip to the ongoing China International Import Expo (CIIE) in Shanghai. She can finally bring Kenya's unique coffee taste closer to Chinese consumers.

"The exhibition exposes my products to a wider market especially among Chinese," said Mbaya, chief executive officer of the enterprise Nyumbani Coffee, adding that China's large coffee-consuming market will help Kenya diversify its coffee sales.

The expo has attracted over 3 600 exhibitors from around the world. Over 200 are from more than 40 African countries presenting a wide range of products including tea, coffee, wine, cocoa and seafood.

Mbaya's words also echo Kenya's expectation to increase exports to China through the expo, where nine Kenyan companies are promoting the country's agricultural products and tourist attractions, while seeking to build cooperative partnerships in financial services and healthcare.

Hosea Machuki, chief executive officer of Kenya-based Fresh Produce Exporters Association, whose members are among the CIIE exhibitors, said that China is one of the most promising markets for Kenyan horticultural produce.

"China has a population of over 1.3 billion. Kenya can tap into this market for all kinds of fresh products including fruits, vegetables and herbs," he told Xinhua.

Namibia

That idea is shared by Namibian businessman Koos Blaauw who co-owns the Namibia-based Tetelestai Mariculture company in Walvis Bay, which has exported large quantities of live oysters to China's major cities of Beijing, Shanghai, Guangzhou and Hong Kong.

Blaauw said his focus at the expo is seeking more markets in Asia for his oyster products along the supply-value chain.

"The expo created an avenue for traders to arrange partnerships, for Chinese companies to have investments in African countries and vice versa, to further develop these countries through alliances to be able to export," Blaauw said.

Consumers

Apart from exhibiting products and services, many African exporters are also trying to explore the appetite of Chinese consumers.

"We hope this tour will give us more insights in terms of how to penetrate the market and also appreciate the taste and standards that the Chinese are looking forward to if we want to tap that market," Zimbabwe's Industry and Commerce Minister Mangaliso Ndlovu said.

"We are also encouraged by the remarks of Chinese President Xi Jinping at the Beijing summit of FOCAC (Forum on China-Africa Cooperation) where he encouraged African countries to consider the Chinese market as a viable market," he added.

Trade

China has been Africa's largest trading partner for nine consecutive years, with imports from Africa hitting US$65.6 billion in the first eight months of 2018, up 33.4% year on year, and exports to Africa up 10% to US$68.5 billion, according to China's General Administration of Customs.

China's recent pledge to lower tariffs and increase imports is welcomed by its African partners.

Commending China's move to further open up its market, Omu Kakujaha-Matundu, Namibian economic analyst and dean of economics at the University of Namibia, said the event has broadened the concept of preferential trade and widened market access for countries like Namibia.

"It is imperative to note that while China is opening up, African countries need to improve their ability to supply such a huge market," Kakujaha-Matundu said, citing his country's beef exports to China as an example.

‘Historic opportunity

Charles Onunaiju, director of the Abuja-based Center for China Studies said that the CIIE is a historic opportunity for Africa to test its stamina, creative ability and innovative acumen in value-added products in the Chinese market and the global market at large.

"China is not just offering investment, infrastructure, financial support ... it is now offering its market," the director said. "The most important element in any meaningful development is the market."

Keith Rockwell, World Trade Organisation director of information and external relations, told Xinhua via email that the expo highlights the need for cooperation and partnership in international trade, particularly for China and Africa. – Nampa/Xinhua

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Namibian Sun 2024-04-27

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Premier League: Brighton 0 vs 4 Manchester City | Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth LaLiga: Real Sociedad 0 vs 1 Real Madrid SerieA: Frosinone 3 vs 0 Salernitana | Udinese 1 vs 2 AS Roma European Championships Qualifying: Queens Park Rangers 4 vs 0 Leeds United | Coventry City 2 vs 3 Hull City English Championship: Queens Park Rangers 4 vs 0 Leeds United | Coventry City 2 vs 3 Hull City Katima Mulilo: 16° | 31° Rundu: 20° | 32° Eenhana: 17° | 33° Oshakati: 19° | 33° Ruacana: 16° | 33° Tsumeb: 17° | 31° Otjiwarongo: 17° | 30° Omaruru: 19° | 32° Windhoek: 16° | 28° Gobabis: 17° | 28° Henties Bay: 17° | 25° Wind speed: 19km/h, Wind direction: S, Low tide: 11:03, High tide: 05:02, Low Tide: 23:14, High tide: 17:32 Swakopmund: 16° | 22° Wind speed: 21km/h, Wind direction: SW, Low tide: 11:01, High tide: 05:00, Low Tide: 23:12, High tide: 17:30 Walvis Bay: 18° | 29° Wind speed: 28km/h, Wind direction: SW, Low tide: 11:01, High tide: 04:59, Low Tide: 23:12, High tide: 17:29 Rehoboth: 18° | 29° Mariental: 21° | 32° Keetmanshoop: 22° | 33° Aranos: 18° | 31° Lüderitz: 16° | 28° Ariamsvlei: 22° | 33° Oranjemund: 14° | 25° Luanda: 25° | 30° Gaborone: 15° | 26° Lubumbashi: 11° | 24° Mbabane: 11° | 20° Maseru: 10° | 23° Antananarivo: 15° | 24° Lilongwe: 13° | 24° Maputo: 17° | 26° Windhoek: 16° | 28° Cape Town: 16° | 23° Durban: 15° | 24° Johannesburg: 14° | 23° Dar es Salaam: 23° | 30° Lusaka: 15° | 25° Harare: 12° | 24° Currency: GBP to NAD 23.44 | EUR to NAD 20.1 | CNY to NAD 2.59 | USD to NAD 18.8 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.66 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.78 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 338.05/OZ UP +0.31% | Copper US$ 4.54/lb UP +0.71% | Zinc US$ 2 869.50/T UP 0.15% | Brent Crude Oil US$ 88.96/BBP UP +0.08% | Platinum US$ 913.47/OZ DOWN -0.0026