Medwish Signs Strategic Cooperation Agreement with China-Africa Industrial Forum (CAIF) to Further Medical Equipment Market in Africa

Jiangsu Medwish Network Technology Co., Ltd (Medwish), a leading B2B marketplace of medical equipment in China, announced last month that it has signed an in-depth strategic cooperation agreement with China-Africa Industrial Forum (CAIF), marking a breakthrough in the Company's external cooperation strategy.

Under the strategic agreement, both parties have set a long-term goal to form an industry alliance with the core edge of optimizing the value of medical equipment resources.

In view of Medwish’s support for the China-Africa industrial cooperation and Development, and its priority performance in the field of medical device trade, the CAIF Organizing Committee awarded Medwish as a member of the council of the association from 2022 to 2023.

About China Africa Industrial Forum (CAIF)

China Africa Industrial Forum (CAIF), founded in 2000, is under the banner of the Forum on China and Africa Cooperation (FOCAC) to promote the development and cooperation on multiple fields between China and Africa. It devotes itself to the rapid and sound development of the China-Africa economy, and its mission is to facilitate the exchange and cooperation on politics, economics, culture, technology, tourism, etc. between China and Africa.

Under the framework of the Forum, China and Africa exchanged views on their relationship and common concerned international and regional issues and reached a consensus. China has launched several cooperation initiatives to Africa and made them comprehensively implemented, which is highly appreciated by African countries. With more than 20 years’ development and modification, the Forum has become a banner leading the development of the China and Africa relationship.

African Market Size

In 2017, the size of the medical device market in Africa was 4.9 billion U.S. dollars. This market is expected to grow to over 7 billion dollars by the year 2023.

Cheng Zhigang, secretary-general of CAIF, said that COVID-19 has brought us a lot of inconveniences, but it cannot stop the pace of Sino-African cooperation. The bilateral trade volume between China and Africa has increased by 20 times and China's direct investment in Africa has increased by 100 times.

About Medwish

The Medwish marketplace was wholly developed by Jiangsu Medwish Network Technology Co., Ltd. Through substantial previous international B2B e-commerce field experience, Jiangsu Medwish is dedicated to establishing a globally recognized framework and promoting sustainable development of the medical industry through the MEDWISH platform. Click here to learn more about the Medwish platform.