Home Business Stanbic IBTC hosts 2022 Africa-China Trade Expo

Stanbic IBTC hosts 2022 Africa-China Trade Expo

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Stanbic IBTC Holdings PLC, a member of Standard Bank Group, will host the 2022 Stanbic IBTC Africa China Trade Expo as part of its efforts at promoting trans-regional trade and development between Nigeria and China. The trade expo will feature a panel discussion, masterclasses on trade, a presentation on the Stanbic IBTC Africa China Trade Solutions and a fully virtual exhibition.

The two-day hybrid conference and exhibition-themed “Synergy For Growth” is slated for this Wednesday and Thursday, and is geared at providing insights and opportunities for participants. The event will serve as an avenue to showcase Nigerian and Chinese exhibitors, and offer opportunities to build relationships within the trade community.

The physical conference is planned to feature keynote speeches and panel discussions by highly experienced subject matter experts and thought leaders in relevant industries and would be an opportunity for exporters and importers to engage and create a marketplace experience.

Speakers include Head, Pan-African China Banking, Standard Bank Group, Philip Myburgh; and Head, Africa China Banking, Stanbic IBTC Bank, Ade Otukomaya. Others are Executive Director for Business and Commercial Clients, Stanbic IBTC Bank, Remy Osuagwu; and Chief Executive, Stanbic IBTC Bank PLC, Wole Adeniyi.

The panel discussion, with the theme “Promoting Export Activities through Synergy”, will have Deputy Director and Regional Coordinator (South West Regional Office) Nigerian Export Promotion Council, Samuel Oyeyipo; Head, Africa China Trade in Business and Commercial Clients, Standard Bank Group, Luthando Vuda; Business Manager for Pan Africa China Banking (Business and Commercial Clients) at Standard Bank Group, Jane He; Senior Analyst, Frontier Africa Equity Research Stanbic IBTC, Fola Abimbola; and Chief Executive, Zeenab Foods Limited (Operators of the Nigeria Export Trade House China/Far East Region), Victor Ayemere, as panelists.

Chief Executive, Stanbic IBTC Holdings, Dr Demola Sogunle said that the expo and exhibition would showcase trade opportunities of Nigeria and China, while emphasising  the role of Stanbic IBTC in facilitating inter-regional trade.

“China is Africa’s biggest trading partner by far and can foster strong trade routes and economies of scale, offering an incredible opportunity to do more than just import goods. With the emphasis on building strong synergy and relationship between China and Nigeria, the Stanbic IBTC Africa-China Trade Expo is expected to provide insights into Nigeria and China trade relations and the role of Stanbic IBTC as a facilitator of inter-regional trade, as well as provide advisory services, allowing trade partners access and unlock the opportunities in Nigeria-China trade”, Sogunle said.

“The topics for discourse at the two-day hybrid conference and exhibition would centre on building synergy between Nigeria and China’s economies, building synergy between government agencies and driving export activities through policies and initiatives. Other topics would include building export activities in partnership with Stanbic IBTC and promoting competitive advantage for enhancing export.

“The exhibition will also showcase vendors who export from Nigeria to China and vice versa, spanning across agriculture, manufacturing, equipment, processing and packaging firms”, he added.

The Chief Executive noted that through its Africa China Trade Solution and other networks of relations between Africa and China, the financial service provider continued to facilitate economic trade and development between Africa and the Asian country.

Stanbic IBTC’s trade solutions such as Stanbic IBTC Africa China Trade Solutions continued to enable settlement of international transactions and mitigation of payment risk while providing regional solutions such as issuance of payment guarantees and letters of credit to Nigerian exporters.

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