National Bank of Kenya (NBK) has signed a trade partnership deal with leading global logistics provider DP World to offer e-commerce services to Kenyan traders to access goods from across the globe but mainly UAE and Asia via DUBUY.COM, an E-commerce platform focusing on business-to-business import and export.
Through the partnership, NBK will offer financial solutions to buyers and sellers from Kenya while providing an avenue for them to interact and network with other traders.
“The partnership is designed to offer the best value to our MSME customers and allow them to effectively engage in commercial trading links with international markets and especially the UAE,” said NBK Managing Director Paul Russo.
“It spells out favourable terms for customers to access international markets while at the same time fulfilling our desire to satisfy our customers by meeting their needs for their own convenience especially during this pandemic period. We are constantly seeking strategic partnerships such as this one with Dubuy.com to ensure we provide value enhancing initiatives that will improve not only the level of service but also provide real value to our respective customers.”
Trade enabler, DP World, announced the launch of its global wholesale e-commerce platform DUBUY.com in Kenya on Tuesday, November 9.
“As a new entrant in this market, working in partnership with a reputable financial institution such as National Bank of Kenya will enable us to better deliver our end-to-end solutions strategy. We are determined to help Kenyan business community improve access to global trade by linking them with new markets in the rest of the world,” said Walid Hareb Alfalahi, the CEO, UAE Trade Centre.
The platform aims at expanding their markets where traders will be able to import and export in other countries.
The partnership comes at a time most MSME businesses have been hard hit by the pandemic, and the availability of this innovative product will be a boost in managing their supply chain, as they seek to recover.