Reliconn, a consulting service based in Shanghai, has teamed up with a multinational organisation that supports small-to-medium enterprises (SMEs), Global Alliance of SMEs to host the China-Africa SMEs Expo in June.
BY BUSINESS REPORTER
The expo will be held from June 7 to 10 in Shanghai and has support from the Commissioner for Trade and Industry of the African Union and the Shanghai City government. It is seen as an opportunity for African SMEs to trade and partner with their Chinese counterparts and learn from the experience of Chinese SMEs.
According to the Africa Development Bank, China is Africa’s largest trading partner with bilateral trade between the two reaching $210 billion in 2013.
“SMEs are widely known for their importance in contributing to economic growth and development across regions, In China, for instance, according to a 2014 report by WTO, SMEs contribute up to 60% of China’s GDP. Unfortunately, SMEs in Africa lack the tools, technology, and finance to play their role of the ‘engine’ of Africa’s economic growth and development. Helping African SMEs partner with Chinese SMEs to acquire the tools they lack to grow and create an inclusive growth for Africa is the purpose behind this event,” the Reliconn statement reads.
In a statement, the organisers said the event includes pre-scheduled one-on-one meetings between African companies and their potential Chinese business partners and investors.
It includes company visits and sharing of experience sessions, training sessions, an opening ceremony, and other value-adding activities and the event.
According to the organisers, participating in this event will help companies meet up to 20 potential business partners, establish long-term business relationships with partners, learn from the experience of Chinese SMEs and benefit from technology transfer.