Latest news with #digitaltrade
Finextra
5 days ago
- Business
- Finextra
Malaysia and Singapore boost digital trade connectivity
Authorities from Malaysia and Singapore have signed a memorandum of understanding to build a blockchain-powered cross border digital trade network. 0 The agreement sees Malaysia's e-government and digital services provider MyEG and Singapore Trade Data Exchange Services (SGTraDex) explore the technical integration of their platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region's push for trade facilitation and supply chain resilience. The partners will collaborate on creating platform-to-platform connectivity; trade document verification; blockchain-based integration and interoperable data standards; and sharing regulatory knowledge. "By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region," says Tan Chin Hwee, chairman, SGTraDex.
Zawya
6 days ago
- Business
- Zawya
'Webb Fontaine Summit 2025: Innovate the Future' brought together 20 countries in Dubai
Webb Fontaine Summit ( with the theme 'Innovate The Future' took place between May 12&13 in Dubai, bringing together 40 ministerial, port, and customs delegations from 20+ countries. The event provided a platform for collaboration and knowledge exchange, to co-construct tomorrow's digital solutions, with an emphasis on the role of intelligent data management in driving progress. With the digitalisation of trade practices at the forefront of discussions, the summit focused on how technological innovations, particularly Artificial Intelligence (AI), can transform global trade and customs operations. Throughout the summit, the delegates had the chance to see the latest innovations in action, hear real-world case studies, offering a firsthand perspective on the role of AI in optimizing trade procedures and secure revenue collection. Over the course of two days, delegates shared insights on how innovations and best practices can create socio-economic value and contribute to efficient and secure trade practices. Discussions also highlighted the importance of training future generations to adapt to these technological advancements. Alioune Ciss, Chief Executive Officer of Webb Fontaine stated 'At Webb Fontaine, innovation is at the heart of everything we do. We don't just respond to change we shape it. Our cutting-edge solutions - from Al-driven risk assessment to blockchain-enabled single window systems - are designed to unlock the full potential of trade, enhance transparency, and foster compliance' Ms. Youssef Nana Tèninké Diaré, Chief of Cabinet to the Minister of Budget stated 'This summit stood out for its interactive nature as it wasn't just about presentations, but real dialogue. I was especially impressed by Webb Tracking, which allows us to locate containers in real time, with updates in under a minute. It's a game changer for the port sector. Thanks to Webb Fontaine's solutions in Guinea, we've significantly increased revenue and strengthened our ability to secure it.' The summit provided a dynamic space for dialogue, laying the groundwork for developing digital solutions that drive socio-economic value for all stakeholders. Webb Fontaine looks forward to continued collaboration with governments, customs and ports to shape the future of global trade through the power of technology. Distributed by APO Group on behalf of Webb Fontaine.
Yahoo
6 days ago
- Business
- Yahoo
MYEG and SGTraDex Forge Strategic Partnership to Enhance Malaysia-Singapore Digital Trade Connectivity
KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ -- MY E.G. Services Berhad ("MYEG"), Malaysia's leading e-government and digital services provider, today signed a Memorandum of Understanding ("MoU") with Singapore Trade Data Exchange Services Pte. Ltd. ("SGTraDex"), Singapore's digital infrastructure for trade data exchange. The strategic partnership seeks to enable both parties to collaboratively facilitate seamless, digital cross-border trade between Malaysia and Singapore, setting a new standard for digital trade connectivity in the ASEAN region. Signed at the ASEAN-GCC-China CEO Roundtable hosted by the ASEAN Business Advisory Council ("ASEAN-BAC"), the MoU underscores the deepening partnership between Malaysia and Singapore in advancing digital economic cooperation. This collaboration reflects a shared vision to develop interoperable, cross-border digital solutions and serves as a foundation toward broader regional integration across ASEAN. Under the terms of the agreement, MYEG's Zetrix and SGTraDex will explore the technical integration of their respective platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region's push for trade facilitation and supply chain resilience. "This partnership signals a new era for trade digitalisation in ASEAN," said Dato' Fadzli Shah, Co-Founder of Zetrix. "By aligning Malaysia's and Singapore's trusted digital infrastructure, we're creating the building blocks for a digitally unified ASEAN, one that reduces friction, enhances trust, and accelerates growth." "Our collaboration with MYEG reflects SGTraDex's commitment to fostering open and trusted digital trade. By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region," said Mr. Tan Chin Hwee, Chairman of SGTraDex. The collaboration supports the ASEAN Digital Economy Framework Agreement ("DEFA"), and complements broader efforts to enable mutual recognition of Digital ID, electronic trade documents, and regulatory credentials across borders. With blockchain technologies such as MYEG's Zetrix Layer-1 chain and frameworks like TradeTrust on SGTraDex, immutability and traceability of verified information exchanged between governments and enterprises is ensured, fostering greater transparency and security in cross-border transactions. SGTraDex is a public-private digital utility founded by Singapore's Infocomm Media Development Authority ("IMDA") alongside a banking, trade and logistics industry consortium including Advario, DBS, Jurong Port, OCBC, ONE, PIL, PSA, Standard Chartered, Trafigura, and UOB. The initiative plays a critical role in digitising logistics and trade finance by interconnecting data silos across the supply chain. Through this partnership, both parties will explore new B2B and B2B2G flows, and co-develop services tailored for cross-border use cases. The MoU outlines areas of collaboration including: Platform-to-platform connectivity between MYEG and SGTraDex Joint product development for trade document verification Technical integration using blockchain and interoperable data standards Regulatory knowledge exchange and sandbox coordination The partnership is expected to serve as a launchpad for wider regional integration, including with China and the Gulf Cooperation Council ("GCC") countries. By leveraging Malaysia's and Singapore's leadership in digital infrastructure and policy, the partnership is poised to reinforce the broader vision of ASEAN as a digitally interconnected economic bloc; strengthening the region's digital infrastructure by facilitating secure, inclusive, and efficient trade. About MY E.G. Services Berhad ("MYEG") MYEG is Malaysia's premier digital services company. Having commenced operations in 2000 as the flagship e-government services provider, MYEG continues to play a leading role in driving technological change in the region, bringing a diverse and complete range of innovations spanning the online delivery of major government services to a variety of commercial offerings in the areas of immigration, automotive and financial services, among others. Committed to staying firmly at the forefront of the global digital revolution, MYEG has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across the region through its Layer 1 platform Zetrix. Besides its home market, MYEG's presence spans other key regional markets such as mainland China, Philippines and Hong Kong SAR. About SGTraDex Launched on 1 June 2022, the Singapore Trade Data Exchange ("SGTraDex") is a digital utility that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared in a trusted, secure and inclusive manner. SGTraDex is a public-private partnership founded by IMDA, PSA, Trafigura, DBS, Jurong Port, OCBC, ONE, Advario, PIL, Standard Chartered and UOB. Their proprietary technology aims to resolve pain points in supply chain ecosystems including a heavy reliance on a paper-based system which lacks efficiency, transparency, and sustainability. The move to digitalise information will increase productivity and build supply chain resilience. New efficiencies and opportunities will be unlocked when ecosystem partners can collaborate to achieve a shared visibility of the end-to-end supply chain. For more information, visit View original content to download multimedia: SOURCE Singapore Trade Data Exchange Services Pte. Ltd.
Zawya
19-05-2025
- Business
- Zawya
Unlocking Africa's $180bln digital trade economy
LAGOS, Nigeria -- The future of African trade is digital, and it's unfolding. From Dakar to Durban, a quiet but steady transformation is taking shape. According to the United Nations Conference on Trade and Development (UNCTAD), global trade hit a record $33 trillion in 2024, with developing economies, including Africa, playing a growing role in that expansion. The African Free Continental Trade Area offers the largest free market, including 55 countries, a population of 1.3 billion and a combined GDP of $3.4 trillion. The opportunities are vast, yet the strategies required for industrial players to source, move and manage raw materials and finished goods remain a challenge. 'The continent's digital economy is projected to reach $180 billion by 2025, up from $115 billion in 2020, thus contributing significantly to Africa's GDP, creating new job opportunities, and expanding regional trade. Digital trade is transforming the continent's economic landscape, creating new opportunities for real economic growth, productive job creation, and poverty reduction.' H.E. Dr Jumoke Oduwole, Minister, Federal Ministry of Industry, Trade & Investment 'Building on this rapid expansion, our focus must shift from isolated digital initiatives to a fully integrated ecosystem that streamlines every step of trade—sourcing, supplying, logistics and payments. By integrating these functionalities on a single platform, Matta enables manufacturers to navigate sourcing headaches and suppliers to manage cross-border complexities with confidence and unlocks new markets in Africa in real time. This holistic approach is what will transform digital trade's potential into tangible, inclusive economic growth across Africa.' Mudiaga Mowoe, Founder and Chief Executive Officer, Matta. Launched to enable sustainable African economies, Matta's integrated ecosystem—today powered by the Matta digital marketplace ( and the Flux logistics management tool, with Oxide Finance (Matta's upcoming trade-financing and cross-border payments platform) arriving soon—empowers manufacturers and suppliers across food & beverage, home & personal care, paints & coatings, agro-processing, automotive assembly, textiles, construction, and beyond with truly end-to-end sourcing, movement, and settlement. Rather than supplanting traditional trade networks, this unified platform amplifies human partnerships through real-time visibility, traceability, and seamless transactions. This evolution in digital trade and industrial growth is one of the key conversations that will take centre stage at the West Africa Industrialisation, Manufacturing & Trade (West Africa IMT) Summit and Exhibition, set to take place from October 21-23, 2025. West Africa IMT is a high-level platform for government leaders, investors, manufacturers, and technology innovators to align practical solutions and policy frameworks for accelerating Africa's industrial transformation. Matta, Africa's integrated ecosystem for industrial trade, will join other industry stakeholders across the continent at West Africa IMT 2025 to discuss the potential opportunities for industrial growth in the West African sub-region. As manufacturers increasingly seek more innovative, more efficient ways to power production beyond physical infrastructure and policy support, there's an urgent need for systems that simplify sourcing, enhance transparency, and ensure supply chain reliability. Matta addresses these challenges by connecting African manufacturers directly to verified suppliers of raw materials and commodities, ensuring business continuity in an environment where procurement bottlenecks often slow production timelines. Digital platforms address multiple challenges simultaneously: procurement complexities, logistics coordination, payment processing, and data-based planning. By integrating these capabilities into industrial operations, West African economies can accelerate development timelines and establish competitive manufacturing centres that participate effectively in global markets. As African nations chart independent economic paths, digital trade platforms like Matta will significantly influence how quickly and effectively new industrial capabilities develop. The transformation in African trade is already underway, with effects that will continue to reshape economic relationships for years to come. West Africa Industrialisation, Manufacturing & Trade Summit & Exhibition 21-23 October 2025 I Landmark Centre | Lagos | Nigeria Distributed by APO Group on behalf of dmg Nigeria events. Contact Details: Roshan Jan-Mahomed Head of Marketing – Africa Email: info@ About the West Africa Industrialisation, Manufacturing & Trade Summit and Exhibition 2025: The Pre-eminent Global Gathering Driving West Africa's Industrial Revolution The West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition will unite the industrialisation ecosystem, including energy, finance, infrastructure, manufacturing, raw materials, logistics/supply chain, technology, trade and security, to accelerate a sustainable industrial revolution for West Africa. As governments across the region have declared industrialisation as a key priority, the Strategic Summit will feature the visions from Heads of government seeking public–private partnerships to drive industrial revolution across the region. Decisive action is at the core of the agenda, providing solutions for sustainable resource valorisation and opening up trade pathways for economic development and prosperity. Participation is expected from across the global industrialisation value chain including the following industries: Aerospace, Agriculture, Automotive, Chemicals, Construction, Energy & Utilities, FCMG, Heavy Industries, ICT & Electronics, Infrastructure, Logistics & Transportation, Machine & Equipment, Maritime, Medical, Mining, Plastics & Rubber, Pharmaceuticals, Retail, Technology Solution Providers, Textiles, Water & Utilities. 15+ African ministers 25+ countries represented from around the globe 70+ expert industry speakers 250+ exhibiting companies 500+ conference delegates 2,500+ attendees About dmg Nigeria events: dmg Nigeria events is a subsidiary of dmg events. dmg events is a wholly owned subsidiary of the Daily Mail and General Trust plc (DMGT), an international portfolio of information, media and events businesses. DMGT manages a diverse, multinational portfolio of companies, with total revenues of around £1 billion, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. Its venture capital business, dmg ventures, holds minority stakes in early-stage businesses and focuses particularly on disruptive consumer media propositions. Headquartered in Dubai, UAE since 1989 with offices in Canada, Egypt, Nigeria, Saudi Arabia, Singapore, South Africa, Thailand and the UK. dmg events is an international exhibition, conference and intelligence company, attracting more than 1,000,000 attendees to a portfolio of over 80 events each year. This global portfolio works closely with key stakeholders across the industry to facilitate pragmatic dialogue, serving as a platform for the latest discussions at the forefront of change. For more information on dmg events, visit: SOURCE dmg Nigeria events
Zawya
19-05-2025
- Business
- Zawya
Unlocking Africa's $180 billion Digital Trade Economy
The future of African trade is digital, and it's unfolding. From Dakar to Durban, a quiet but steady transformation is taking shape. According to the United Nations Conference on Trade and Development (UNCTAD), global trade hit a record $33 trillion in 2024, with developing economies, including Africa, playing a growing role in that expansion. The African Free Continental Trade Area offers the largest free market, including 55 countries, a population of 1.3 billion and a combined GDP of $3.4 trillion. The opportunities are vast, yet the strategies required for industrial players to source, move and manage raw materials and finished goods remain a challenge. 'The continent's digital economy is projected to reach $180 billion by 2025, up from $115 billion in 2020, thus contributing significantly to Africa's GDP, creating new job opportunities, and expanding regional trade. Digital trade is transforming the continent's economic landscape, creating new opportunities for real economic growth, productive job creation, and poverty reduction.' H.E. Dr Jumoke Oduwole, Minister, Federal Ministry of Industry, Trade&Investment 'Building on this rapid expansion, our focus must shift from isolated digital initiatives to a fully integrated ecosystem that streamlines every step of trade—sourcing, supplying, logistics and payments. By integrating these functionalities on a single platform, Matta enables manufacturers to navigate sourcing headaches and suppliers to manage cross-border complexities with confidence and unlocks new markets in Africa in real time. This holistic approach is what will transform digital trade's potential into tangible, inclusive economic growth across Africa.' Mudiaga Mowoe, Founder and Chief Executive Officer, Matta. Launched to enable sustainable African economies, Matta's integrated ecosystem—today powered by the Matta digital marketplace ( and the Flux logistics management tool, with Oxide Finance (Matta's upcoming trade-financing and cross-border payments platform) arriving soon—empowers manufacturers and suppliers across food&beverage, home&personal care, paints&coatings, agro-processing, automotive assembly, textiles, construction, and beyond with truly end-to-end sourcing, movement, and settlement. Rather than supplanting traditional trade networks, this unified platform amplifies human partnerships through real-time visibility, traceability, and seamless transactions. This evolution in digital trade and industrial growth is one of the key conversations that will take centre stage at the West Africa Industrialisation, Manufacturing&Trade (West Africa IMT) Summit and Exhibition, set to take place from October 21-23, 2025. West Africa IMT is a high-level platform for government leaders, investors, manufacturers, and technology innovators to align practical solutions and policy frameworks for accelerating Africa's industrial transformation. Matta, Africa's integrated ecosystem for industrial trade, will join other industry stakeholders across the continent at West Africa IMT 2025 to discuss the potential opportunities for industrial growth in the West African sub-region. As manufacturers increasingly seek more innovative, more efficient ways to power production beyond physical infrastructure and policy support, there's an urgent need for systems that simplify sourcing, enhance transparency, and ensure supply chain reliability. Matta addresses these challenges by connecting African manufacturers directly to verified suppliers of raw materials and commodities, ensuring business continuity in an environment where procurement bottlenecks often slow production timelines. Digital platforms address multiple challenges simultaneously: procurement complexities, logistics coordination, payment processing, and data-based planning. By integrating these capabilities into industrial operations, West African economies can accelerate development timelines and establish competitive manufacturing centres that participate effectively in global markets. As African nations chart independent economic paths, digital trade platforms like Matta will significantly influence how quickly and effectively new industrial capabilities develop. The transformation in African trade is already underway, with effects that will continue to reshape economic relationships for years to come. West Africa Industrialisation, Manufacturing&Trade Summit&Exhibition 21-23 October 2025 I Landmark Centre | Lagos | Nigeria Distributed by APO Group on behalf of dmg Nigeria events. Contact Details: Roshan Jan-Mahomed Head of Marketing – Africa Email: info@ A bout the West Africa Industrialisation, Manufacturing&Trade Summit and Exhibition 2025: The Pre-eminent Global Gathering Driving West Africa's Industrial Revolution The West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition will unite the industrialisation ecosystem, including energy, finance, infrastructure, manufacturing, raw materials, logistics/supply chain, technology, trade and security, to accelerate a sustainable industrial revolution for West Africa. As governments across the region have declared industrialisation as a key priority, the Strategic Summit will feature the visions from Heads of government seeking public–private partnerships to drive industrial revolution across the region. Decisive action is at the core of the agenda, providing solutions for sustainable resource valorisation and opening up trade pathways for economic development and prosperity. Participation is expected from across the global industrialisation value chain including the following industries: Aerospace, Agriculture, Automotive, Chemicals, Construction, Energy&Utilities, FCMG, Heavy Industries, ICT&Electronics, Infrastructure, Logistics&Transportation, Machine&Equipment, Maritime, Medical, Mining, Plastics&Rubber, Pharmaceuticals, Retail, Technology Solution Providers, Textiles, Water&Utilities. ● 15+ African ministers ● 25+ countries represented from around the globe ● 70+ expert industry speakers ● 250+ exhibiting companies ● 500+ conference delegates ● 2,500+ attendees About dmg Nigeria events: dmg Nigeria events is a subsidiary of dmg events. dmg events is a wholly owned subsidiary of the Daily Mail and General Trust plc (DMGT), an international portfolio of information, media and events businesses. DMGT manages a diverse, multinational portfolio of companies, with total revenues of around £1 billion, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. Its venture capital business, dmg ventures, holds minority stakes in early-stage businesses and focuses particularly on disruptive consumer media propositions. Headquartered in Dubai, UAE since 1989 with offices in Canada, Egypt, Nigeria, Saudi Arabia, Singapore, South Africa, Thailand and the UK. dmg events is an international exhibition, conference and intelligence company, attracting more than 1,000,000 attendees to a portfolio of over 80 events each year. This global portfolio works closely with key stakeholders across the industry to facilitate pragmatic dialogue, serving as a platform for the latest discussions at the forefront of change. For more information on dmg events, visit:
