[Promoted] West Africa set to unlock the power of small businesses
Standard Bank’s Business & Commercial Clients division is deliberately focused on building a capability ecosystem to support small traders, agribusinesses, emerging manufacturers, and entrepreneurs to grow into formal enterprises – or even become national corporates or cross-border multinationals.
In agriculture, for example, both Nigeria and Ghana currently provide central bank-supported risk sharing and capital provision schemes to small farmers and agri-processors. More than products, BCC is building a business support ecosystem in West Africa that allows easy, digital onboarding and instant access to capital based on relationships, rather than just collateral.
Thereafter, solutions like Trade Suite and Trade Club assist with door-to-door import and export, including customs, logistics, and foreign exchange. By partnering with a highly regarded sourcing agency in China, Standard Bank developed a service that allows African traders to select Chinese goods, suppliers and partners, directly through Standard Bank.
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