Deepen economic collaboration between China and Africa, FirstBank is hosting the first-ever China-Africa Interbank Association (CAIBA) Forum later this month in Abuja. The forum, themed *‘Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialisation, and Economic Diversification,’* will bring together key stakeholders from both regions to foster dialogue and explore mutual growth opportunities.

The CAIBA Forum, initially convened only in Beijing, marks a new chapter by taking place in Nigeria, Africa’s largest economy and China’s second-largest trading partner on the continent. Established in 2018, the China-Africa Interbank Association (CAIBA) aims to address the growing financial needs of Africa, particularly in areas like infrastructure development, industrialization, and poverty alleviation.

The forum will offer a platform for African and Chinese financial institutions to share knowledge and collaborate on projects that drive economic growth. Notably, the event will feature discussions involving government officials, business leaders, and financial experts from both regions. Expected guest speakers include Vice President Kashim Shettima, Governor of the Central Bank of Nigeria Olayemi Cardoso, and key figures from the China Development Bank, African Export-Import Bank, and other influential institutions.

ALSO READ: FirstBank Boosts Job Creation in Nigeria’s Creative Sector

FirstBank’s CEO, Mr. Olusegun Alebiosu, highlighted the importance of the event, emphasizing the bank’s commitment to strengthening Africa-China partnerships. “This forum is an opportunity to enhance economic cooperation and leverage opportunities for growth,” Alebiosu stated. “We are proud to host such a pivotal event that aligns with our mission of empowering businesses and communities across Africa.”

The event is poised to showcase Nigeria’s role in advancing the China-Africa economic relationship, with trade between the two nations reaching $23.9 billion in 2022 alone.