12 °c
London
Wednesday, December 6, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Finance

Standard Bank announces Africa-China Trade Solutions

Africa Global Funds by Africa Global Funds
June 9, 2022
in Africa, Finance
Reading Time: 2 mins read
0 0
0

Standard Bank has launched a new Africa-China Trade Solutions (ACTS) Renewable Energy import platform.

In a network of fully vetted, leading international providers from China, business owners and individuals are now able to source, land and finance accredited solar energy components for any scale of renewable power generation and storage.

“Power will remain a persistent challenge on the continent for the foreseeable future, even for South Africa as the most advanced economy,” said Philip Myburgh, Standard Bank Group, Executive Head, Trade and Africa-China, Business and Commercial Clients.

“Even more critical than the urgent climate change imperative, the greatest push to renewables on the continent is to plug major energy gaps and deliver the critical electricity needed to drive sustainable economic growth.

Also read: Germany trade relations with Africa 2022

“Through this partnership, we are poised to bring significant, consistent and reliable access to the equipment that will support a new independent renewable market, further alleviating the burden on strained state utilities,” he said.

Through its relationship with the world’s largest bank, Industrial and Commercial Bank of China (ICBC), Standard Bank has been able to leverage its capability to connect with the best suppliers in China, that supply across the globe.

Through Standard Bank’s sourcing partner, clients are able to source the right product fit for a variety of applications, from commercial, industrial, residential or project based.

Solutions are tailor-made to suit precise requirements, environmental conditions, and power quality requirements, with components sourced from reputable original equipment manufacturers.

Connecting African importers and Chinese exporters, ACTS facilitates all trade requirements, from pre-shipments to post-shipment. In a carefully managed process, suppliers are sourced, prices are negotiated, travel logistics are arranged, and validation of quality of goods is done with the provision of quality guarantees.

Any failures are then rectified on behalf of importers by the import partner.

Also read: How decentralized finance its shaping Africa

“With China being Africa’s biggest trading partner by far, the ability to foster strong trade routes and economies of scale offers an incredible opportunity to do more than just import goods,” commented Luthando Vuba, Standard Bank Group Head of Africa-China Trade, Business and Commercial Clients.

“Through this network, our vision is to create lasting opportunities for aspiring contractors, thus developing technical capacity, skills and sustainable economic growth and value creation over the long-term.

“Furthermore, through a strong pipeline of renewable technology and components, we are aligning directly with the UN Sustainable Goals of limiting carbon emissions, fulfilling our own group Environment, Social and Governance (ESG) commitment to achieve net zero across our eco-system of operations,” he added.

Related

Source: Africa Global Funds
Tags: ACTSafricaAfrica-China Trade SolutionschinaEnvironment Social and GovernanceESGFeatureICBCIndustrial and Commercial Bank of ChinaLuthando VubaPhilip Myburghrenewable energyStandard BankStandard Bank announces Africa-China Trade Solutionssustainable economic growthафрикаأفريقياアフリカ非洲
Africa Global Funds

Africa Global Funds

Africa Global Funds (AGF) provides complete coverage and analysis of the biggest players in African investment space. Drawing on an intense dialogue with a constantly expanding group of key decision-makers in the industry, we cover traditional and alternative asset classes of African asset management. From this dialogue we work hard to produce a compelling blend of hard news, incisive commentary, detailed sector and regional reports, exclusive interviews and proprietary data.

Related Posts

Tech

Africa Data Centre and iOCO joins forces, to fuel competition in the IT services industry

by Valter Cumbi
December 6, 2023
Ethiopian Airlines expected to remain profitable with focus on cargo during pandemic
Logistics

Ethiopian Cargo now servicing Casablanca

by FurtherAfrica
December 6, 2023
Agriculture

COP 28: Kenya signs deals worth US$4.48B to develop green projects

by FurtherAfrica
December 6, 2023
COP 28

COP 28: Youth-led African enterprises awarded US$800K for climate solutions

by Hercilio Simao
December 6, 2023
Agriculture

Angola’s agricultural potential displayed at Doha Expo

by FurtherAfrica
December 6, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

Tech

Africa Data Centre and iOCO joins forces, to fuel competition in the IT services industry

by Valter Cumbi
December 6, 2023
0

iOCO’s data centre capabilities are being boosted, enabling it to expand its range of digital transformation services to the market...

Read more
Ethiopian Airlines expected to remain profitable with focus on cargo during pandemic

Ethiopian Cargo now servicing Casablanca

December 6, 2023

COP 28: Kenya signs deals worth US$4.48B to develop green projects

December 6, 2023

COP 28: Youth-led African enterprises awarded US$800K for climate solutions

December 6, 2023

Angola’s agricultural potential displayed at Doha Expo

December 6, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.2K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?