NAIROBI, Kenya, April 7 – Stanbic Bank Kenya has introduced a new platform in partnership with the Industrial and Commercial Bank of China (ICBC) to boost Sino-Kenya trade.
The Africa-China Trade platform offers businesses direct access to Chinese markets, trade financing, and tailored advisory services.
“With China playing a central role in Kenya’s trade ecosystem, we remain committed to delivering meaningful solutions and platforms for African businesses looking to expand into China,” Muya Guo, Head of Chinese Segment at Stanbic Bank Kenya, said.
This was introduced last Thursday during the Chinese Economic Forum that brought together business leaders and financial experts to discuss economic growth, global market hedging strategies, and innovative financial solutions.
“The collaboration with ICBC and Standard Bank has been instrumental in unlocking trade opportunities for Kenyan and African businesses. By providing Yuan-denominated trade solutions, real-time forex settlement, cutting-edge hedging options, and financing solutions, we continue to enable businesses to mitigate currency risks and trade efficiently with China,” Guo added.
China is one of Kenya’s largest trading partners for industrial goods, machinery, and infrastructure development.
