This photo taken on May 9, 2024 shows a view of the China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 in Nairobi, Kenya. (Xinhua/Li Yahui)
The China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 kicked off on Thursday in the Kenyan capital, Nairobi, as trade and investment between the two sides continues to expand.
NAIROBI, May 10 (Xinhua) — The China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 kicked off Thursday in the Kenyan capital, Nairobi, as trade and investment between the two sides continues to expand. .
The event in Kenya attracted a high-level delegation from central China’s Hunan Province.
Rebecca Miano, Cabinet Secretary for the Ministry of Investment, Trade and Industry, speaks during the China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 in Nairobi, Kenya, May 9, 2024. (Xinhua/Li Yahui)
Rebecca Miano, cabinet secretary for the Ministry of Investment, Trade and Industry, said the three-day event is a living proof of the long-standing cooperation and friendship between China and Africa. “The real focus of the event is to serve as a catalyst for unleashing Africa’s unexplored potential through seamless connectivity with China’s investment and trade community.”
Eric Ruto, president of the Kenya National Chamber of Commerce and Industry, said the event is a springboard for groundbreaking advances that will propel China and Africa into a more competitive and sustainable future. He added that the event also provides unparalleled opportunities to forge new connections and partnerships with industry leaders, investors and potential partners, paving the way for mutually beneficial partnerships that drive economic growth.
An exhibitor (R) explains products to a visitor during the China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 in Nairobi, Kenya, May 9, 2024. (Xinhua/Li Yahui)
CAETE is a follow-up action to the “Eight Major Initiatives” at the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC). Cao Zhiqiang, Vice Governor of China’s Hunan Province, said CAETE is a key pillar of growing China-Africa cooperation, which has already brought mutual benefits to the two regions.
Hunan province is committed to facilitating more African agricultural and food products to enter the Chinese market to boost Africa’s foreign exchange earnings, he added.
According to the Hunan delegation, for five consecutive years, Hunan’s import and export trade with Africa has remained the eighth largest in China and the largest in the central and western regions. ■