China’s B2B Trade Platform Partners with Ecobank to Support African SMEs
- XTransfer and Ecobank Group sign MOU for cross-border financial services.
- Bilateral trade between China and Africa projected to reach US$282 billion in 2023.
- China's exports to Africa increased by 1.4% to US$160 billion from January to November 2024.
The partnership between XTransfer and Ecobank Group is a strategic move that addresses critical challenges faced by African SMEs in cross-border trade. By leveraging each other's strengths, they can significantly improve the financial landscape for these businesses, fostering innovation and efficiency in payment solutions. This collaboration could serve as a model for future partnerships aimed at enhancing trade between emerging markets.
