DP World, JP Morgan in deal to boost trade finance availability
DP World Trade Finance and JP Morgan are collaborating to improve access to working capital in emerging markets, where supply chain disruptions and limited credit continue to hinder trade.
The deal comes at a time when the world is facing a $2.5 trillion global trade finance gap, hindering the growth of global trade and impacting businesses worldwide.
Many businesses are underserved by traditional financial institutions due to limited data on their creditworthiness, making it challenging for businesses to secure affordable credit, said DP World Trade Finance in its statement.
This collaboration aims to address this gap and enables both companies to share the risk on trade finance transactions, it stated.
The first transaction supported a leading global food company in procuring cocoa from Ivory Coast, one of the world's most important agri-export regions.
This collaboration unlocked over $70 million in annual procurement opportunities for the client, and brought significant value into an emerging economy like Ivory Coast, it stated.
Raj Jit Singh Wallia, Board Member, DP World Trade Finance, said: "This is a significant step in our mission to bridge the global trade finance gap and help businesses tap into new sources of funding. By leveraging risk-sharing mechanisms and combining them with logistics in one ecosystem, we reduce the overall credit risk profile and enhance liquidity in emerging markets."
"This is one of many transactions stemming from our collaboration with JP Morgan. As regions like Central Asia and Sub-Saharan Africa continue to grow, we anticipate our work with JP Morgan will continue expanding into new markets," he added.
James Fraser, Global Head of Trade & Working Capital, said: "At JP Morgan, we are committed to supporting global trade. Our collaboration with DP World Trade Finance allows us to offer innovative financing solutions that provide working capital to businesses while mitigating risk through DP World's expertise."
"Looking ahead, we are excited to work together to explore and broaden access to structured trade finance in pivotal markets through innovative financial frameworks, he added.
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
13 minutes ago
- Zawya
5th Digital Finance Africa hosted by IT News Africa set for 3 July 2025
JOHANNESBURG, SOUTH AFRICA - Media OutReach Newswire - 10 June 2025 - Africa is undergoing a profound financial transformation driven by rapid technological advancements, with fintech and cross-border payments leading the charge. The continent's cross-border payments market is projected to grow from $329 billion in 2025 to $1 trillion by 2035, fueled by fintech innovation and intra-African trade. This growth enhances financial inclusion, connecting millions to financial services via mobile money, which Africa leads globally. However, this digital surge heightens cybersecurity risks, with rising cyberattacks necessitating robust fraud prevention. Fintechs must prioritize compliance, identity verification, and advanced technologies like AI to safeguard sensitive data. AI is revolutionizing African banking by automating fraud detection, enhancing regulatory compliance, and improving risk assessment, enabling more efficient and secure financial systems. IT News Africa's Digital Finance Africa 2025, set for July 3, 2025, at The Maslow Hotel in Sandton, Johannesburg, will convene industry leaders to explore these trends. This premier summit will foster collaboration in fintech, AI, regulation, and cybersecurity, shaping a secure and inclusive financial future for Africa. Join the conversation to drive innovation and trust in Africa's dynamic financial landscape. Themed"Safeguarding Innovation: Advancing Secure, inclusive Finance in Africa,", DFA2025 will explore technology's transformative power in driving secure financial inclusion and economic development. Digital Finance Africa attendees can look forward to a day full of insightful discussions, networking opportunities, and exposure to cutting-edge solutions shaping Africa's FinTech and banking sectors. Key Topics and Discussions The summit's agenda is designed to address the most pressing challenges and opportunities in the digital finance sector, including Navigating cybersecurity risks in digital finance Emerging payment technologies are revolutionizing the industry Overcoming capital constraints and funding growth in African fintech Implementing AI in banking while ensuring innovation and compliance Leveraging cloud infrastructure as the backbone of modern banking These topics aim to provide attendees with actionable insights and strategies to drive innovation and resilience in their respective organizations. Benefits of Attending: Digital Finance Africa 2025 offers a unique platform for: Engaging with over 300 executives, founders, and solution providers in the finance sector Gaining insights from fintech thought leaders and industry analysts Exploring the latest technologies and solutions in digital finance Networking with peers and potential partners to foster collaboration and growth Sponsorship & exhibiting opportunities are available for organizations looking to promote their products or services, with extensive pre-event and on-site publicity. Registration and Participation Register with coupon code " SAVE50@DFA" at checkout to save 50%! Explore sponsorship opportunities by visiting the official event page: Digital Finance Africa 2025. Hashtag: #DFA2025 The issuer is solely responsible for the content of this announcement. IT News Africa
Zawya
13 minutes ago
- Zawya
Canon Central & North Africa and Women in Successful Careers (WISCAR) Celebrate the Graduation of Season 2 of ‘Women Who Empower' Programme in Nigeria
Canon concludes the 'Women Who Empower' initiative with a graduation event at Lagos, Nigeria on June 5, 2025. 20 participants from WISCAR (Women in Successful Careers) showcase their creativity in an exhibition. Canon Central and North Africa ( a leader in imaging solutions, in collaboration with Women in Successful Careers (WISCAR), proudly celebrated the graduation of the second season of 'Women Who Empower', — an initiative designed to equip women with practical skills in photography, videography, and printing. The graduation ceremony which took place in Lagos at Hive by Zen, the creative studio of Canon Ambassador and renowned lifestyle photographer Emmanuel Oyeleke, marked another milestone in Canon's mission to empower women in the imaging industry through skill-building, mentorship, and community engagement. Running from April 22 to June 5, 2025, Season 2 offered a holistic training experience built on three core modules: Photography, Printing, and Content Creation. The Canon-led curriculum was delivered by Ambassadors Emmanuel Oyeleke and Daniel Ehimen, a celebrated Nigerian cinematographer and director, through hands-on sessions, portfolio development workshops, and practical experiences — including newly introduced photo and video walks to enhance real-world learning. 'As part of our 'Kyosei' philosophy, we believe in nurturing communities through collaboration and shared growth,' said Somesh Adukia, Managing Director, Canon Central and North Africa. 'The success of Season 2 of 'Women Who Empower' reflects Canon's dedication to advancing diversity, education, and empowerment within Africa's creative economy. Seeing these women grow their skills, confidence, and networks affirms the importance of long-term, meaningful partnerships like the one we have with WISCAR.' The closing event featured a vibrant portfolio exhibition where each participant presented their work—ranging from evocative photographs and striking prints to compelling video stories—demonstrating the depth of learning and creativity developed during the program. Amina Oyagbola, Founder and Chairperson of WISCAR, stated, 'We are proud to see this initiative evolve and grow. Season 2 not only aligned with the International Women's Day theme 'Accelerate Action', but it also translated that message into tangible outcomes. These women now carry forward the tools, knowledge, and confidence to shape the future of the imaging and creative sectors in Nigeria.' Two participants received special recognition for their exceptional performance, creativity, and engagement throughout the programme. Their work stood out for its originality, technical proficiency, and storytelling impact. Oluwayemisi Rosemary Onadipe, a visual storyteller and one of the standout participants, said: 'Before this program, I relied solely on natural light to capture images. But through this experience, I gained clarity on how to use artificial lighting to enhance both the quality of my subjects and the final outcome. I also acquired the technical knowledge to use a Canon camera for videography — something I had only ever done with my phone before. The mentorship and hands-on exposure I received through Canon and WISCAR have completely transformed my creative approach. I'm walking away not just with skills, but with a renewed sense of purpose.' Rasaq Adedoyin Muibat an aspiring content creator, added: 'Learning directly from industry leaders like Emmanuel and Daniel was a dream come true. Every session broadened my understanding of the media space, empowered me to do more, be more, and most importantly, drove me closer to my vision as a creative professional and team lead.' The 'Women Who Empower' campaign marked a significant milestone in empowering women in the printing and imaging sectors. As Canon continues to champion diversity and inclusion, initiatives like 'Women Who Empower' demonstrate the power of partnerships in driving positive change. With plans for future collaborations and programs, Canon remains committed to its mission of empowering individuals and communities through innovation and creativity. Canon which has more than 63% of women occupying leadership roles in the Middle East and Africa HQ, has been championing empowerment initiatives for many years as demonstrated by its various diversity and inclusivity programs. Distributed by APO Group on behalf of Canon Central and North Africa (CCNA). About WISCAR (Women in Successful Careers) : WISCAR is a non-profit organization committed to developing women professionals and empowering them to contribute significantly to nation-building. Through structured mentoring programs, leadership training, and partnerships like 'Women Who Empower', WISCAR is a catalyst for gender equity in the workplace and society.
Zawya
13 minutes ago
- Zawya
Africa Tech Festival announces strategic themes for 2025 event, focusing on innovation, investment, and collaborative growth
Africa Tech Festival ( the leading platform for stakeholders in the continent's technology industry, returns to the Cape Town International Convention Centre, South Africa, from 11 to 13 November 2025. This year, the event's strategic focus areas are grouped under forward-looking themes that reflect the rapidly evolving nature of Africa's technology and digital landscape. The themes of the 28 th edition of Africa Tech Festival – Responsible Innovation, Inclusive Investment, Connectivity for Development, and Policy Harmonisation – will be incorporated across all four of the festival's anchor events, namely AfricaCom, AfricaTech, AfricaIgnite, and the AI Summit Cape Town. These events will each explore their respective specialised focus areas through the lens of the overarching 2025 themes, positioning Africa Tech Festival as a unified platform with strategic intent, rather than a collection of disconnected discussions. The 2025 edition of the Africa Tech Festival will also align with key global dialogues on technology and innovation, as it coincides with the prestigious G20 Leadership Summit. Additionally, the event will host the second, expanded edition of The Ministerial Summit, reaffirming its role as a catalyst for policy-driven discussions and high-impact collaborations. 'The themes mirror the recent trends emerging at Africa Tech Festival, as well as the continent's shifting focus towards advanced technologies that incorporate aspects of sustainable and inclusive digital progress. Artificial Intelligence, in particular, is emerging as a transformative force – from intelligent automation in industry to AI-powered solutions for financial inclusion and public health. They are reflected in our event agenda and will be instrumental in achieving our aim of driving positive change and fostering collaboration within the African tech ecosystem,' said James Williams, Event Director of Africa Tech Festival. 'As technology advances, so does the need for scalable, collaborative solutions that drive Africa's economic growth, digital readiness, and equitable access. By weaving these themes – from AI, cloud and cybersecurity to connectivity and digital inclusion – into the sessions, networking opportunities, and our international exhibitions, we highlight the interconnectedness of Africa's technology landscape and the collective role of its stakeholders in driving innovation and growth.' Africa Tech Festival is Africa's biggest showcase of enterprise tech innovation across key sectors like telecoms, connectivity, cybersecurity, cloud and data centres, green ICT, and media and entertainment. With an anticipated attendance of 17,000 delegates from across the continent and the world, along with more than 300 exhibitors, and 450 speakers, the 2025 event will be the largest edition yet. Building on the success of 2024, Africa Tech Festival will continue to deliver top-quality content and expert-led discussions on crucial topics, including national digital strategies, economic growth, infrastructure development, and sustainable partnerships between the public and private sectors. While a formal partnership with the Department of Communications and Digital Technologies (DCDT) has not yet been finalised, the 2024 edition saw valuable engagement with senior government officials, leading to insightful discussions and policy-focused nearly three decades, the Africa Tech Festival has served as a forum for conversations and connections that elevate African tech onto the global stage. As the continent's digital transformation journey advances, the themes for 2025 will help guide these conversations, shape policy, attract investment, and foster partnerships that grow and advance Africa's technology ecosystem. For more information or to register, visit Distributed by APO Group on behalf of Africa Tech Festival. About Africa Tech Festival: Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together over 15,000 technology leaders, policymakers, investors, startups, and visionaries. The festival encompasses four anchor events: AfricaCom – The continent's largest telecoms and connectivity event AfricaTech – The hub for technology, innovation, and enterprise growth AfricaIgnite – Driving growth and impact in Africa's startup ecosystem The AI Summit Cape Town – Where commercial AI comes to life With over 500 speakers, 300 exhibitors, and multiple networking opportunities, Africa Tech Festival remains the largest and most influential tech event on the continent.
