Standard Bank Namibia says it is committed to supporting Namibian businesses in expanding into global markets, as demonstrated by its participation in the 4th China-Africa Economic and Trade Expo (CAETE).
The bank represented Namibia alongside 48 businesses from 10 African countries, with local beef processor Chakula Abattoir showcasing its products to potential buyers in China.
The event attracted over 12,000 delegates and 2,800 organisations, with this year’s edition boosted by China’s zero-tariff policy on products from 53 African nations.
Chakula Abattoir Managing Director Nakathingo Shimwino said: “My visit to China was truly transformative. The scale of opportunity and precision of Chinese industries was inspiring. We saw firsthand that global markets are open to Namibian products, and we are ready.”
Standard Bank Namibia Relationship Manager Mansueta Dlakavu said: “Navigating the Chinese market requires more than ambition — it demands understanding. At Standard Bank Namibia, we’ve built the cross-cultural expertise and technical know-how to help our clients seize the right opportunities.”
Working in partnership with the Industrial and Commercial Bank of China (ICBC), Standard Bank offers the Africa-China Trade Solution (ACTS), providing Renminbi access for cross-border payments and trade finance, logistics coordination, Chinese customs product registration, e-commerce promotion, advisory services, and bilingual matchmaking with vetted buyers.
In 2023, CAETE facilitated more than US$10.3 billion in signed projects, with this year’s event boosted by China’s new zero-tariff policy on products from 53 African nations.
