DP World Trade Finance signed a cooperation agreement with Nedbank

According to Amac News: DP World Trade Finance's announcement states that this agreement was signed to finance DP World's suppliers in Sub-Saharan Africa (SSA).
These trade finance solutions enable businesses to move their goods faster and further, helping them improve their working capital and enable business flow.
Under the agreement, DP World Trade Finance has implemented a supply chain financing program on its platform, with Nedbank CIB as the financier, enabling DP World's suppliers in SSA to make early payments on receivables. have their approved access.
This program addresses the working capital constraints faced by suppliers and offers a more economical financing option compared to traditional solutions in the market.
These trade finance solutions enable businesses to move their goods faster and further, helping them improve their working capital while enabling trade flow.
A significant portion of the region's trade originates from businesses that face challenges in accessing trade finance solutions that allow them to participate in global trade opportunities.
These barriers stem from limited access to data on credit as well as a lack of visibility and control over the underlying business, exaggerating perceived risks in the supply chain.
Nedbank CIB and DP World Trade Finance also signed a risk sharing agreement to allow both companies to share risk in mutually beneficial transactions, thereby increasing the overall credit available to clients.