Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global leader in supply chain solutions, 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.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said, “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.”

Sinan Ozcan, Senior Executive Officer of DP World Financial Services, said, “DP World offers Standard Bank access to data on cargo movements, enabling them to lend with confidence. We in turn plan to co-lend and share risk with Standard Bank on deals made via the platform, whilst Standard Bank will be able to support the many suppliers in DP World’s ecosystem across Africa with its strong financing capabilities.”

Kenny Fihla, Chief Executive Officer, Corporate and Investment Banking at Standard Bank, said, “Partnering with DP World allows us to enhance how we facilitate cross-border transactions in growing key trade corridors.”

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