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DP World Newsletter TOC Africa Special Edition
DP WORLD BUSINESS UPDATES
Tiemen Meester, Group Chief Operating Officer, Ports & Terminals at DP World and Andrew Williams, President of Maritime and EVP at TOC, signing a Memorandum of Understanding (MOU) to cement the partnership at TOC Europe.
Since the launch of our partnership as Lead Global Port Partner for 2023 at TOC Europe in June, symbolised through the signing of a Memorandum of Understanding (MOU) between DP World and TOC, we’re looking forward immensely to the second iteration in Morocco. Our subject matter experts will be on-site and presenting across the two days of TOC. Whether it’s articulating African ports within the global supply chain network, or the looking at the port as a trade enabler in the maritime and logistics sector, our teams will be delighted to connect and speak with you on the ground.
DP World’s DUBUY.com launches digital trading route Morocco
In June 2023, DP World launched its wholesale e-commerce platform DUBUY.com in Morocco, empowering Moroccan businesses to tap into a well established and extensive network of international partners. The platform has brought efficient and dependable e-commerce to Morocco, effectively facilitating market access for businesses of all sizes
DUBUY.com, the online marketplace that enables cross-border engagement, is a reliable
B2B ecommerce platform that enables market access for businesses of all sizes, incorporating an extensive network of importers, exporters, and trade professionals. Businesses on the platform have the opportunity to expand, access new product sources, and explore fresh business opportunities in a more secure and convenient way - cemented through DP World’s global network of ports and logistics facilities.
What sets DUBUY.com apart is that the digital trading routes are supported by physical corridors built by DP World across Africa, including ports, terminals, and logistics operations. By creating access to strategic markets for emerging economies and facilitating the prosperity of local businesses, driving for growth and prosperity for the region.
Mahmood Al Bastaki, Chief Operating Officer, Digital Trade Solutions at DP World, said “The African ecommerce market has grown from strength to strength. DUBUY.com is uniquely positioned to enhance trade in this region – taking Africa beyond its borders and helping to create trading opportunities both on the continent and with the rest of the world. There is a substantial opportunity in expanding further into North Africa, accessible by businesses across the entire region. It is our hope that access to the digital platform will enhance opportunities for businesses in Africa and beyond.”
To find out more, visit https://www.dubuy.com/ae-en
DP World and Standard Bank Partner to Expand Trade Finance In Africa
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. DP World Trade Finance is a fintech platform owned by DP World Logistics FZE which brings together importers, exporters, and logistics companies from around the world (who seek trade finance) together with financial institutions and other providers of trade finance. DP World’s Trade Finance capabilities not only work with traditional banking institutions, but it brings in new age
alternative lenders, complimented by establishing individual and unique lending capabilities, increasing financing options and capacity for businesses globally.
In May 2023, Standard Bank, the largest bank in Africa by assets, partnered with DP World to jointly offer trade finance solutions via DP World’s platform. Through the new partnership, African companies looking for trade finance now have the ability to seamlessly access working capital from Standard Bank.
By bringing Standard Bank onto the trade finance platform, DP World offers an array of financing solutions to African businesses, which continue to face an ever-growing need for logistics and financial support to connect to global trade routes.
To find out more, visit https://www.dpworld.com/trade-finance
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