Wheels of Trade

DP World, Standard Bank target South Africa import-export direct loans

By David Whitehouse

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Posted on July 3, 2023 04:00

A general view shows cranes outside the DP World logistics platform building in Kigali © Cranes outside the DP World logistics platform building in Kigali, Rwanda October 21, 2019. REUTERS/Clement Uwiringiyimana — Cranes outside the DP World logistics platform building in Kigali, Rwanda October 21, 2019. REUTERS/Clement Uwiringiyimana

Logistics giant DP World, which recently partnered with Standard Bank, is seeking South African central bank authorisation for direct import-export lending in the country, says Sinan Ozcan, director at DP World Financial Services.

The company plans to target sectors such as agricultural commodities, fast-moving consumer goods, home appliances and automotive, Ozcan tells The Africa Report from Dubai.

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