Standard Chartered Bank participated as a gold sponsor in the recently completed 2022 GTR West Africa Conference, which focuses on “identifying opportunities in a volatile trading environment.”
The event, held in Lagos, recently brought together more than 400 representatives from more than 300 companies, including companies, traders, banks, non-bank financial institutions, technology, fintech and other public sectors. Over 40 expert speakers participated. ..
Discussions at the conference included the African trading environment, the impact of market turmoil caused by the global pandemic, the government’s role in promoting new post-pandemic trade conditions, and pan-African payments for trade flows. It was centered around the impact of the payment system. Trade finance, foreign currency liquidity management, ways to improve and build capacity in local currency financing, new technologies in the agricultural business, especially the impact on food safety.
The event was attended by Ibiyemi Okuneye, Head of Trade and Banks in Nigeria and West Africa, and Kwame Asante, Head of Banks in Ghana, as speakers and chairs. They had the opportunity to share insights on the topic of trade issues.
“Since the global epidemic, the number of digital platforms in trade and supply chains has grown rapidly,” said Ibiyemi, talking about the concrete developments in trade digitization in the world and West Africa.
“Trade digitization is central as companies seek to redesign their supply chain operations and ecosystems to achieve visibility and build resilience. African Continental Free Trade Agreement (AFCFTA) provides an excellent platform for African countries to reassess their progress and deliberately shape their digital policies, “he said.
Regarding taking advantage of West Africa’s pioneers, Kwame said: In addition, more public-private partnerships may be needed to enhance existing infrastructure and develop new infrastructure to lower unit costs of production. Hopefully this should make it more competitive in building a lasting value chain and promote trade within subregions. “
Standard Chartered Co-sponsor of the 2022 Global Trade Review Conference
https://businessday.ng/banking/article/standard-chartered-co-sponsors-of-2022-global-trade-review-conference/ Standard Chartered Co-sponsor of the 2022 Global Trade Review Conference