By 
A trade gateway has been launched in Accra between the African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA).
The Africa Trade Gateway (ATG) is a suit of five digital platforms that have been designed as a single window to enable the bank better deliver on its mandate of providing critical services to support and promote African trade.
Furthermore, it covers the implementation of the AfCFTA.
Afreximbank Executive Vice President, Intra-African Trade Bank, Kanayo Awani, said the digital evolution was part of its deliberate strategic response to address Africa’s key challenges to accelerate the pace of development and foster economic prosperity for Africans using and applying business models.
“Each one of our digital interventions is designed to address clearly identified challenges and barriers for those seeking to engage in African trade and investment,” Awani said at the launch in Accra on Tuesday.
She was pleased that each intervention had been successfully transformed from concept to reality and commend the hard work exhibited from the colleagues and partners in achieving these milestones.
“But to consolidate results, maximize net effects, achieve greater efficiencies, drive higher synergistic value, quicken regional integration, extend and create new access markets and accelerate digital economy in Africa, the Bank is introducing customer-centric Africa Trade Gateway,” Awani said.
She described ATG as the gateway into a definitive digital ecosystem made for Africa’s trade, supported by Afreximbank and the AfCFTA in collaboration with their partners, to answer the needs of businesses, governments and stakeholders by enabling trade, commerce and investment.
Awani explained that with the ATG, customers could complete all their transactions within one window.
She further highlighted some of the digital suite such as the MANSA, which she said was Africa’s due diligence platform, provides a single source of primary data required for the conduct of customer due diligence on African entities, financial institutions, corporates and Small and Medium Enterprises (SMEs).
It also provides complementary collection of information on investment in Africa, country profiles and traded products/services of African countries.
PAPSS is another platform that was established to enable efficient payment for intra-African trade in national currencies, promoting intra-African trade, minimising risk and contributing to financial integration across Africa.
TRADAR Club, is member-driven network aimed at empowering international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory services through innovative digital tools and networking opportunities, helping members to discover new markets, grow their business, save time, access dedicated expert support, post and respond to new business opportunities and among others.
ATEX is a B2B and B2G e-commerce platform launched at the 54th Conference of African Ministers of Finance, Planning and Economic Development in Dakar in May 2022, to help small and medium scale and large African businesses to tap into new markets in Africa and to facilitate the optimisation of their supply chains.
It enables procurement in bulk for basic commodities to ensure access to suppliers in a transparent manner.
ATG Connect serves to connect business service providers across Africa.
It provides freight and logistics connectivity solutions which allow for frictionless connecting and matching of freight/ logistics requests with freight and logistics providers listed on the platform.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments