Building
on the Bank's long history and strong presence on both sides of the rapidly
expanding China-Africa trade and investment corridor, Standard Chartered Bank
is this year hosting 12th Africa Chairmen annual conference in Beijing, China.
The
motivation behind choosing Beijing for this year's conference, which started on
Monday, and is expected to end on Friday, is in line with Standard Chartered's
commitment to use its global foot print
to support, promote and grow economically enhancing trade and investment
corridors between these two regions.
According
to a statement released by Stanchart bank head office in Dar es Salaam, while
in China, the bank will provide the Africa Chairmen with insight into China's
strides in economic development, the Bank's Chinese expansion strategy as well
as facilitate strategic introductions with relevant and influential government,
industry and private sector leaders across China.
The
Bank's Africa delegation will also participate in China's 4th Conference of
African and Chinese Entrepreneurs' during the "Forum on China-Africa
Cooperation" (FOCAC) in Beijing.
Commenting
on the meeting, Diana Layfield, the bank's Chief Executive Officer for Africa,
said, "Our decision to host our Africa Chairmen in China this year is
simply another way we are using our presence and capabilities to create lasting
relationships which stand to deliver economic benefit well into the
future."
"Africa-China
trade has risen tenfold in less than a decade.
Looking forward, Africa will have 1.1 billion people of working age by
2040 - expected to be the largest working population world-wide, and
representing a very attractive consumer base for expanding companies to tap
into for the future. Standard Chartered has the history, the presence and the
expertise to make a tangible difference in supporting this rapidly increasing
channel of economic growth."
Lim
Cheng Teck, Executive Vice Chairman and CEO of Standard Chartered China added,
"The trade and investment linkages between China and Africa are
significant.
Standard
Chartered has a very established presence in these markets and we are well
positioned to serve clients and customers that trade and invest between these
markets. We are delighted to host the African Chairmen in China - yet another
demonstration of the importance we place on the linkages between China and Africa."
Source:
The Daily News,http://www.dailynews.co.tz
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