StanChart calls for use of digital finance platforms in trade

TRYNESS TEMBO
Lusaka
STANDARD Chartered Bank regional chief executive officer for Africa and the Middle East, Sunil Kaushal, says the adaptation of digital finance platforms can help to improve access to trade finance and unlock up to US$34 billion in export value in five key African markets by 2035.
Mr Kaushal cited digital finance platforms such as digital supply chain finance solutions as key to improving export value in African markets.
He is optimistic that digital solutions can help Africa overcome trade barriers, enabling African markets to reduce trade costs.
Mr Kaushal said this can be achieved by digitising customs and border procedures, reducing
the time spent on manual processes and making trade more efficient..https://enews.daily-mail.co.zm/welcome/home