National Bank signs e-commerce deal to enable Kenya’s SMEs to get goods from UAE, Asia

National Bank of Kenya (NBK) has signed a trade partnership deal with global logistics provider DP World to offer e-commerce services to Kenyan traders to access goods from across the globe, 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.

(TOP: NBK Head of Change Management and Integration, Frederick Kioko – seated left – and UAE Trade Center MD, Walid Hareb – seated right – signing the MOU during the NBK Exclusive launch at the Hilton hotel).

Speaking during the signing of the partnership, Paul Russo, the NBK MD, 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.”

“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 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”, said Russo

On his part, Walid Hareb Alfalahi, the CEO, UAE Trade Centre, said: “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”.

Trade enabler, DP World, announced the launch of its global wholesale e-commerce platform in Kenya this week. 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.

National Bank is a subsidiary of KCB Group. The Bank has a growing network of 85 branch outlets across the country, over 1,500 ATMs and electronic channels of Mobile and Internet Banking. National Bank participates in Corporate Banking, Business Banking, Retail Banking and Islamic Banking with an extensive portfolio of products and financial solutions tailored for the requirements of a broad spectrum of customer segments it serves. by DP World is the business gateway to Africa. Backed by DP World, a global logistics business with 127 business units in 51 countries, the innovative digital platform provides a B2B e-marketplace with end-to-end supply chain solutions for the continent and beyond, thereby connecting African businesses to regional and international markets, ensuring goods are delivered safely, reliably and on time.

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