By Oyinkansayo Wole-Bodunde.
FirstBank is set to host the inaugural China-Africa Interbank Association (CAIBA) Forum, aimed at strengthening economic ties and investments between China and Africa.
The event, themed “Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialization and Economic Diversification,” will take place on November 27, 2024, at the Fraiser Suites Abuja.
CAIBA, established in 2018, is a significant milestone in fostering financial cooperation between China and Africa. The association comprises 16 African banks, including FirstBank, and China Development Bank (CDB), as well as other prominent financial institutions. The primary objective of CAIBA is to enhance partnerships in various spheres, such as infrastructure interconnection, international cooperation, and cultural exchange.
The CAIBA Forum, co-hosted by China Development Bank, offers a unique opportunity for knowledge sharing, networking, and deal-making, with the goal of fostering win-win cooperation and promoting joint development among member banks. Previously held only in Beijing, the Forum will now provide a platform to highlight Nigeria’s pivotal role in the growing China-Africa economic relationship.
FirstBank, with its extensive network across Sub-Saharan Africa, the UK, and China, is well-positioned to facilitate trade and investment flows between China and Africa. The bank’s expertise in financial inclusion, trade finance, corporate and investment banking makes it an ideal partner for China Development Bank in driving this initiative to support Chinese and African businesses.
According to the CEO of FirstBank Group, Mr. Olusegun Alebiosu, “We are honoured to host this pivotal event that fosters dialogue and collaboration between Chinese and African financial institutions. This forum reinforces our commitment to bridging the gap between Africa and China, catalyzing economic growth and development. The selection of FirstBank as the host is a testament to our rich legacy, deep expertise in African markets, and an impressive 130-year history of empowering businesses and communities to thrive. We are proud to support the continent’s economic transformation and growth and remain dedicated to exploring the partnership opportunities this forum will bring for the mutual benefit of China and Africa.”
The event will feature a lineup of esteemed speakers, including government officials, business leaders, and financial experts from both regions. Expected guest speakers include His Excellency, the Vice President of the Federal Republic of Nigeria, the Governor of the Central Bank of Nigeria, Minister of Trade, Industry & Investment, MD of China Development Bank, Federal Capital Territory (FCT) Minister, Governors of Lagos, Kano, and Anambra States; Ambassadors from countries of CAIBA members, President and Chairman of the Board of Directors of the African Export–Import Bank, Representatives from the China-Africa Development Fund, and many industry leaders, policymakers, and experts.
The CAIBA Forum will also feature a plenary session with renowned speakers, including Dr. Abiodun Adedipe, David Ofosu-Dorte, Ugo (UgoDre) Obi-Chukwu, Wole Adeniyi, Bamidele Abu, and Mrs. Kouassigan Dovi Eliane Khady. Additionally, the event will include a trade exhibition, keynote speeches, and networking events that will explore the latest trends and opportunities in China-Africa cooperation.
