National Bank of Kenya (NBK) has signed a trade partnership deal with global logistics provider DP World to enable Kenyan traders to source goods from across the globe but mainly UAE and Asia via dubuy.com.
Through the partnership, NBK will offer financial solutions to buyers and sellers from Kenya trading on dubuy.com which focuses on business-to-business import and export.
Speaking during the signing of the partnership, NBK Managing Director Paul Russo said, “The partnership is designed to offer the best value to our MSME customers and allow them to effectively engage in commercial trading links with international markets and especially the UAE.”
Walid Hareb Alfalahi, the CEO, UAE Trade Centre, said the partnership will help the Kenyan business community improve access to global trade by linking them with new markets in the rest of the world.
DP World announced the launch of its global wholesale e-commerce platform dubuy.com in Kenya on Monday. The platform aims at expanding their markets where traders will be able to import and export in other countries.
The COVID-19 pandemic has seen the rise of the use of e-commerce among Kenyan MSME due to travel restrictions. Kenya ranked number 88th in fastest-growing e-commerce economies worldwide according to the 2020 UNCTAD B2C Commerce Index, IT ranked 4th Sub Saharan Africa behind Mauritius, South Africa and Nigeria.
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