Friday, June 21, 2024

China Sourcing Fair ends with success in South Africa

China Sourcing Fair ended on Sunday with Chinese manufacturers having trade leads with African buyers. The fair stated on Thursday with more than 800 manufacturers from China exhibiting their products to African buyers. Bill Janeri, the fair organizer, told Xinhua that the fair was a success. “The show was great — one of our best since we came to South Africa four years ago. We had very positive feedback from the suppliers who exhibited at the fair. And the buyers were very interested in the products that were on display. The majority of our exhibitors received numerous inquiries and received initial orders.”
Janeri said many international buyers do not understand China and that there was a need to bring buyers and manufacturers together. Trade leads would be followed to make trade deals. He said the fair will increase trade between African and Chinese companies.
“China’s manufacturers dominate the production of many of the world’s consumer products. So, if you’re a buyer or importer of these products, you have to talk to suppliers from China. Getting these consumer products into Africa is important to the continued development of continental Africa’s consumer-based economies.
“Growing economies and growing middle classes in these countries mean there is greater demand for consumer products .. whether that means consumers can buy a new flat-screen television, or they can buy products to remodel their homes. Demand is increasing for these products, and China’s manufacturers are the ones who supply them.”
He had no figures as to how many people attended the show.
African companies were given tips on how to source from China.
Janeri says more than 600 people attended the conference where they were taught on how to buy products from China.
Zach Hedge, an expert on the Chinese market, addressed African companies on how to buy products from China.
“Try to be serious when dealing with these companies, they receive more than 2,500 inquires a day, try not to waste their time and be serious. Try to understand them and have a good relationship called “guanxi” (in Chinese). Be honest and specific with what you want to buy. If you want quality product, pay more money and do not expect to pay less for a quality products.”
Sibusiso Chonco from Sakhisizwe Technical told Xinhua that the fair was an eye opener to him as it taught him how to cut the middlemen. Chonco said he got some contacts of Chinese suppliers and he will be buying computer components from China.
“The fair was good for us. Buying from China is not the same as buying from America or Europe. The presentations were helpful and informative. I have been to China twice this year and the presentations I got will assist me to solve some of the problems I encountered.”
Andy Dong, the sales manager of Yihai Electric Equipment, said he had many trade leads which he will follow up to make trade deals.
Dong said, “More than 400 people came to make enquiries about our products. It was one of the busiest. The problem was that most of our prospective buyers wanted to order small quantities while we supply big quantities.”
He said they exchange details and they will communicate with the view of doing business. He said he got inquiries from South Africans, Zimbabweans and others from Botswana. Yihai Electric Equipment is currently supplying televisions in Senegal, Uganda and Kenya.
Galiraba Joseph from Uganda said he will be buying raw materials and machinery from China.
“The information we got here was helpful. I will be importing machinery and raw materials from China. I will buy juice concentrates and machinery from them.”
Jona Tembo from Zimbabwe also said the show was a success, adding that they now understand how to do business with China.
“It was great to discuss business with manufacturers from China. It is risky to deal with people you have never seen because you can be coned. Seeing manufactures increased confidence in us since we will be dealing with people we saw face to face. I have made contacts with manufacturers from China and will get in touch with them.”
The show brought manufactures of different sectors like the electronic gadgets, garments and hardware.

-With The News Today input

Related News

Bangladesh set to launch direct flights with Switzerland

Business Desk : Bangladesh is set to launch direct flights with Switzerland with at least 14 flights operating between the countries per week. The Government of Bangladesh and the Swiss Federal Council in Bern inked an agreement to this end on 4 June, marking significant progress in expanding the country’s air travel network, reads ... Read more

Emirates eliminates online payment limit for flights in BDT

Business Desk : Emirates has made online payment more convenient for customers purchasing tickets in Bangladesh. Now, customers can use locally issued debit and credit cards to complete payment transactions online for flight tickets and enjoy the convenience of unlimited transactions in BDT. Customers can enjoy the ease of paying for tickets on, ... Read more

Aziz Khan next chair of Unicef Int’l Council

Business Desk : Unicef has announced Muhammed Aziz Khan as the incoming chair of the Unicef International Council, succeeding the inaugural chair, Maria Ahlstrom-Bondestam. He will assume the position in November this year, a press release issued by Unicef said yesterday. The Unicef International Council is a unique community of approximately 150 private philanthropists ... Read more

NJ Diamonds brings vibrant luxury jewelry to Bangladesh

Business Desk : NJ Diamonds, a new luxury jewelry brand, has officially launched in the capital at Banani road 11. The event was a glittering affair, attended by top influencers and industry elites, marking a significant milestone for the Bangladesh jewelry market. NJ Diamonds, founded by Noorjahan Abdullah & Labiba Abdullah, are set to ... Read more

NCC Bank celebrates 31 years of operations

Business Desk : NCC Bank celebrated its 31 years of operations at the bank’s head office in Dhaka on Friday. Md Abul Bashar, chairman of the bank, inaugurated the 31st anniversary programme, said a press release. NCC Bank started its journey on May 17, 1993. “During the 31 year-long-journey, the bank played a remarkable ... Read more

21 winners receive gifts from Nagad’s mega campaign

Business Desk : A total of 21 winners have received different gifts by taking part in the country’s biggest transactions campaign – initiated by Nagad, a popular mobile financial service provider. Recently, Nagad’s Senior Executive Vice-President and Chief Marketing Officer Sadat Adnan Ahmad and Executive Vice-President and Deputy Chief Marketing Officer Muhammad Solaiman handed ... Read more

Hatil Chairman Selim H Rahman honoured with CIP award

Business Desk : Selim H Rahman, the esteemed Chairman and Managing Director of HATIL, a leading name in the furniture industry, was conferred with the prestigious Commercially Important Person (CIP) award for his pioneering contributions to the export of the furniture sector. The ceremony held at the Radisson Blu Water Garden Hotel, Dhaka, on ... Read more

Emirates announces first destinations for A350 service

Business Desk : Emirates has announced the first set of destinations to be served by its A350 aircraft entering service in September 2024. The airline plans to deploy its latest aircraft type to 9 destinations in the coming months, offering customers its latest signature cabin experiences.10 new A350s are expected to join the Emirates ... Read more

Adidas nearly ready to open outlet in Dhaka

Business Desk : Adidas, the German athletic apparel and footwear giant, is set to open its first outlet in Bangladesh this month at Gulshan-1 in the capital. The three-stripes will partner up with leading local conglomerate DBL Group, which will facilitate its entry into the Bangladesh market. “We have planned a soft launch on ... Read more

Shwapno opens new outlet in Pabna

Business Desk : Popular retail chain shop “Shwapno” has opened a new outlet in Pabna’s Sujanagar at Molla Super Market. The inauguration took place at 5:30pm on 30 December, reads a press release. Present at the event were Ahmed Firoz Kabir, Member of Parliament for Pabna-2 (Sujanagar, Aminpur), Chairman Shahinujjaman Shahin of Sujanagar Upazila, ... Read more

Shwapno launches new outlet at Bashundhara

Business Desk : Shwapno, the largest retail chain in Bangladesh, launched an outlet in the Bashundhara area on Thursday offering a month-long discount with a home delivery facility. On behalf of Bashundhara Group, media advisor Mohammad Abu Tayeb inaugurated the outlet as guest of honour at the Rupayan shopping centre in the residential area, ... Read more

With ‘Face ID’ and ‘Fingerprint’ login bKash app is now more secure, user-friendly

Business Desk : bKash app introduces biometric ‘Face ID’ and ‘Fingerprint’ login features to make users’ daily transactions easier and safer. Alongside, exciting new features – ‘Group Send Money’, ‘Request Money’, ‘Savings Marketplace’ and selecting ‘Default Card’ to use the ‘Add money’ service from VISA card to bKash – are also included in the ... Read more

Grameenphone wins ‘Bangladesh Sustainability Excellence Awards 2023’ in Financial Inclusion

Business Desk : It was an evening to rejoice and remember for Grameenphone at the Bangladesh Sustainability Excellence Awards 2023, as the organization’s sincere efforts with flagship initiatives GP Accelerator and GP Academy received due recognition. Renowned media house The Daily Star, along with CSR Window, honored the winners at the Bangladesh Sustainability Excellence ... Read more

Banglalink wins the best sustainability award

Business Desk : Banglalink has won the ‘Best Sustainability Excellence Initiative’ award in the ‘Disaster Response’ category at the ‘Bangladesh Sustainability Excellence Awards 2023,’ jointly presented by The Daily Star and CSR Window Bangladesh. The award is in recognition of Banglalink’s contribution to societal welfare through the innovative integration of an Early Warning System ... Read more

StanChart wins Mastercard Excellence Awards

Business Desk : Standard Chartered Bangladesh has clinched awards in three categories at the “Mastercard Excellence Awards 2023”. The categories are “Excellence in Mastercard Contactless (Issuing)”, “Excellence in Mastercard Credit Business (International)”, and “Excellence in Mastercard Business (Innovation)”. Naser Ezaz Bijoy, chief executive officer of the multinational bank, received an award from Atiur Rahman, ... Read more

Nagad wins Mastercard Excellence Award 2023

Business Desk : Nagad, a popular mobile financial service provider in Bangladesh, has clinched “Mastercard Excellence Award” 2023 for its contribution to credit card bill payments. The mobile money carrier has been honoured with this prestigious award as the “Master Evolution”, reads a press release. On behalf of his company, Nagad’s Executive Director Maruful ... Read more

Prime Bank clinches Mastercard Excellence Awards 2023

Business Desk : Prime Bank PLC, a leading private commercial bank of the country, has won Mastercard Excellence Awards 2023 for Debit Business (Domestic) category. Nazeem A Choudhury, deputy managing director of the bank, and Masudul Haque Bhuiyan, head of Cards & Alternative Delivery Channel, received the award from Dr Atiur Rahman, former governor ... Read more

Zakia Rouf Chowdhury elected as vice chairman of Bank Asia

Business Desk : Zakia Rouf Chowdhury has been elected as Vice Chairman of Bank Asia Limited recently at the 508th meeting of the Board of Directors of the bank. She has an illustrious business career of more than 35 years in the private sector of Bangladesh. Since inception, she has been holding leadership positions ... Read more

Yamaha celebrates 7 years with ACI Motors

Business Desk : ACI Marts is the sole distributor and technical collaboration partner of Yamaha motorcycles in Bangladesh. ACI Motors started its journey in 2007 as a subsidiary of renowned company ACI Limited. In 2016, Yamaha started a new journey in Bangladesh with ACI Motors. At present, more than 116 Yamaha 3S (Sales, Service ... Read more

Walton boosts TV exports to Denmark, Ireland

Business Desk : Bangladeshi global electronics brand Walton has boosted up its exports of television to Denmark, Ireland and other European countries as the demand of Walton television goes high in those countries in recent times, according to a press release. Walton Global Business Unit’s Vice-President Syed Al Imran said that Walton has been ... Read more