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. This partnership will help in closing the gap in unmet demand for working capital on the continent. Since its launch in July 2021, DP World Trade Finance has partnered with 23 financial institutions and generated over US$700 million in credit limit submissions. It also started directly lending to businesses since 2022.
Source : Refinitiv Zawya
