Standard Bank Leveraging Africa China partnerships for clients during COVID 19
Sino-African relations have been marked by vast advancements in trade and cultural exchanges over the past two decades. However, the recent outbreak of Covid-19 has affected global trade greatly. Due to Africa’s close trade partnerships with China, concerns have been raised about African countries ability to trade with China during and post Covid-19.
In this podcast, Philip Myburgh, Head of Pan-Africa China Banking at Standard Bank and Sola David-Borha, CE of Africa Regions at Standard Bank, discuss how the bank is using its unique Africa China Agent Proposition (ACAP) to drive growth in Africa by helping African businesses import efficiently.
David-Borha goes into detail about how ACAP is revolutionising the way in which African businesses import from China by providing them with access to over 10,000 suppliers, giving them end to end visibility of the import process and supporting them with letters of credit and translation services.