The MoU seeks to support companies across various sectors by offering integrated solutions that include trade finance, payment services and cross-border banking facilities. OtroVato operates as a business-to-business (B2B) trade enablement platform connecting buyers, suppliers and manufacturers through an integrated digital ecosystem that combines sourcing solutions, logistics services and market access capabilities. This approach supports the growth of intra-African trade and contributes to deeper regional economic integration. Under the agreement, CIB will serve as the preferred banking partner for OtroVato’s network of suppliers, manufacturers and buyers, providing a comprehensive suite of financial solutions designed to support both domestic and cross-border trade. For his part, Haitham Salama, Chief Executive Officer of OtroVato, said the partnership represents an important strategic milestone in the company’s efforts to simplify and expand cross-border trade across the African continent.

Source: Daily News Egypt March 07, 2026 15:45 UTC