Image credit: SuppliedDP World has partnered with Standard Bank, the largest bank in Africa by assets, to offer trade finance solutions jointly with DP World Trade Finance. African companies looking for trade finance will now be able to seamlessly access working capital from Standard Bank via the DP World Trade Finance platform. DP World Trade Finance connects business with financial institutions as a fintech platform while also directly offering trade finance facilities on its own. Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “DP World exists to make the world’s trade flow better and this partnership with Standard Bank is testament to that goal. Together with Standard Bank, we will help African businesses go from strength to strength and grow their exports to new markets.”Sinan Ozcan, senior executive officer of DP World Financial Services, commented: “Standard Bank joining the DP World Trade Finance platform is great news for businesses across Africa.

Source: The North Africa Journal May 30, 2023 17:45 UTC