China-Africa: Demand high for Africa-China trade facilitation services
The Standard Bank of South Africa reports that it has seen an upsurge in demand for trade facilitation services from its customers who do business with Chinese firms in the last two months.
The increased interest, the bank says, has been spurred by last month’s purchase of a 20 per cent stake in the continent’s biggest lender by the Industrial and Commercial Bank of China (ICBC).
The Standard Bank director and global head for structured trade finance, Mr Craig Polkinghorne, told Business Daily last week that the bank has recorded a rise demand for trade finance and letters of credit from old and new clients who have business links with China.
“We have since increased demand for trade facilitation for our customers all over Africa and even had enquiries from as far off as Brazil since our partnership with ICBC Bank was announced,” said Mr Polkinghorne.
(bdAfrica)
December 12th, 2008 at 8:39 am
We are very much interested in linking the finance business to the abroad business, we specialise in accounting, bookkeeping, auditing, etc. We would like to make each and every business to have internet and accounting software before they can take their business somewhere. Only +/- 40% black businesses are in good business. We like you help to us to grow our smme to link up with business abroad. Please forward us the all the details about this Africa and China Trade.
December 12th, 2008 at 2:18 pm
Africa china trade cover a lot of sectors , I think u should specify in which area u are most interested in.
U can write to me at daniel@rugamba.com
Daniel
A+