Tuesday, June 17, 2025
Home News DP World and Standard Bank join forces to provide trade finance solutions...

DP World and Standard Bank join forces to provide trade finance solutions in Africa

Major South African bank Standard Bank has collaborated with DP World to provide trade finance solutions through DP World Trade Finance.

This partnership is expected to help in closing the gap in unmet demand for working capital on the continent, as African businesses seeking trade financing will now be able to receive working capital from Standard Bank through the DP World Trade Finance platform.

As a fintech platform, DP World Trade Finance links businesses with financial institutions while also directly delivering trade financing capabilities.

According to DP World’s statement, access to finance is one of the biggest barriers for businesses seeking global trade opportunities, evidenced by the struggle that many businesses face in securing the upfront funds required to move cargo.

With the addition of Standard Bank to the platform, DP World Trade Finance now provides a broader range of financing options to African firms, which face an increasing demand for logistical and financial assistance to connect to global trade channels.





Latest Posts

Maersk adjusts IA11 Service

Maersk has revised its intra-Asia IA11 service by removing the port of Ningbo. The route now exclusively connects Shanghai and Ho Chi Minh City, operated...

China expands tariff-free access to African Nations amid direct investments drop

China has announced the expansion of its zero-tariff policy to cover 53 African nations, a move expected to significantly shift global trade dynamics and...

CMA CGM introduces new peak season surcharges on Transatlantic Routes

CMA CGM Group has announced new Peak Season Surcharges on shipments from North Europe to the United States. For cargo moving from North Europe, including...

CMB.Tech to merge with Golden Ocean

CMB.Tech is set to merge with fellow listed company Golden Ocean, a major dry bulk owner. CMB.Tech will be the surviving entity in the merger...

Idle containership fleet sees slight decline

In the two weeks leading up to 2 June, the global idle containership fleet saw a net reduction in capacity, despite a rise in...
error: Content is protected !!