Banks partner for ease of trade in Africa
To deliver sustainable and value-adding support for business growth and profitability across the continent, Wema Bank Plc through its bilateral partnership agreement with Bank of Africa Group (BOA) is deepening pan-African trade services.
The Managing Director and Chief Executive Officer, Wema Bank Plc, Mr. Ademola Adebise and the Chief Executive Officer of BOA, Mr. Amine Bouabid, told The Guardian that through the partnership, both banks would gain an opportunity to promote bilateral trade services, which would include import and export services, bonds and guarantees, and structured finance collaborations.
Head Global Trade and Correspondent Banking, Wema Plc, Mr. Adeola Ajai said: “The partnership would help facilitate business activities across the African continent, offer better and more competitive pricing to support customers and execute transactions faster to customers looking to take their businesses beyond borders.”
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