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.

The trade deal will see local MSMEs access goods from mainly UAE and Asia through dubuy.com, an e-commerce platform focusing on business-to-business import and export.

Through the partnership agreement, NBK will offer financial solutions to buyers and sellers from Kenya while availing an avenue for them to interact and network with other traders.

Speaking at the deal signing, NBK MD Paul Russo said, “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.”

He added, “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.”

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Russo said NBK is constantly seeking strategic partnerships like the one with dubuy.com to guarantee valuable initiatives that improve services and provide real value to their clients.

“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.

DP World, the trade enabler, announced the launch of its global wholesale e-commerce platform dubuy.com in Kenya on Wednesday as the platform eyes regional expansion.

This comes when most MSMEs have been hard hit by the pandemic, with the innovative product expected to be a boost in managing their supply chain, as initiate recovery plans.