DP World Trade Finance has joined forces with Nedbank Corporate and Investment Bank to improve the availability of trade finance for DP World’s suppliers in sub-Saharan Africa (SSA). As per the agreement, DP World Trade Finance has implemented a supply chain finance programme on its platform, with financial assistance from Nedbank CIB, ensuring DP World’s suppliers in SSA of timely payments. These trade finance solutions will move their goods faster without any hassles. Nedbank CIB and DP World Trade Finance inked risk-sharing agreement to ensure both firms share risk in mutually beneficial transactions, thereby growing the overall credit available to clients. “Our partnership with Nedbank represents a step forward in addressing the trade finance challenges that have impacted the potential of businesses across sub-Saharan Africa. By combining DP World’s logistics capabilities with innovative financial solutions, we are not only enabling our suppliers to thrive but also foster a transparent and efficient trade ecosystem,” Mohammed Akoojee, CEO and MD, DP World, sub-Saharan Africa, said.
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