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Standard Bank joins forces with DP World

08 Jul. 2023

Standard Bank has teamed with DP World.

African companies looking for trade finance will now be able to access working capital from Standard Bank by means of the DP World Trade Finance platform.

This partnership will help in closing the gap in unmet demand for working capital on the continent.

“This partnership reflects our strategic vision of driving Africa’s growth. Platform businesses require strong partnerships at various levels of the value chain. The value derived from our shared knowledge, capability and skills will create unique opportunities to deliver financial services and trade solutions to our clients, Rassem Zok, chief executive officer of Middle East and North Africa at Standard Bank, said.

By bringing Standard Bank onto the platform, DP World Trade Finance now offers an array of financing solutions to African businesses, which face an ever-growing need for logistics and financial support to connect to global trade routes.

“With the addition of DP World Trade Finance into our offerings, we aim to support African businesses of all sizes for their working capital needs. Together with Standard Bank, we will help African businesses go from strength to strength and grow their exports to new markets.”

Courtesy of Bizcommunity – full article here