{"id":79174,"date":"2023-06-16T21:37:28","date_gmt":"2023-06-16T19:37:28","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecobank-unveils-single-market-trade-hub"},"modified":"2023-06-17T01:24:04","modified_gmt":"2023-06-16T23:24:04","slug":"ecobank-unveils-single-market-trade-hub","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/ecobank-unveils-single-market-trade-hub","title":{"rendered":"Ecobank unveils single market trade hub"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>ECOBANK Group, the leading Pan-African bank, has unveiled its single market trade hub as part of its commitment to promoting intra-African trade.<\/p>\n<p>The Ecobank single market trade hub (the trade hub) is now live, with over 300 businesses from 22 countries having signed on to the digital platform so far.<\/p>\n<p>It connects traders across Africa, within the 1,4 billion people single market framework of the African Continental Free Trade Area (AfCFTA).<\/p>\n<p>Ecobank Group chief executive officer Jeremy Awori said AfCFTA had created an immense opportunity for African businesses.<\/p>\n<p>\u201cAs the Pan-African bank with the most extensive coverage of Africa, Ecobank is perfectly placed to provide trade information and payment solutions to support SMEs [small-to-medium enterprises] and corporates seeking to capitalise on the single market,\u201d he said.<\/p>\n<p>\u201cThe Ecobank single market trade hub is a new and remarkable addition to our portfolio of omni-channels, empowering businesses to thrive within Africa&#8217;s single market.\u201d<\/p>\n<p>Ecobank Group head of trade Souleymane Diagne added: \u201cThe AfCFTA has revolutionised the African business landscape and the Ecobank Single Market Trade Hub, within this context, is an enabler of intra-African trade through catalysing partnerships and facilitating African businesses\u2019 access to new markets.<\/p>\n<p>\u201cUsing the MyTradeHub feature, importers and exporters can upload their profile and showcase their goods and services online to find buyers or source them from suppliers within the continent.<\/p>\n<p>\u201cCombining the matchmaking capabilities of MyTradeHub, extensive AfCFTA information resources, and a seamless access to Ecobank\u2019s comprehensive suite of financial solutions and digital channels, the trade hub will help businesses thrive within the AfCFTA and maximise their value-addition across regional corridors.\u201d<\/p>\n<p>The trade hub is a cutting-edge digital platform, which serves as an exchange and information repository, designed to respond to the evolving trading needs of SMEs and corporates within Africa\u2019s single market.<\/p>\n<p>The trade hub reduces the asymmetry in trade information and in this connection, leverages on Ecobank\u2019s wide client base and network advantage, through its presence in 35 African markets.<\/p>\n<p>The World Bank estimates that AfCFTA will increase Africa\u2019s exports by US$560 billion and boost the continent\u2019s gross domestic product by 7% by 2035.<\/p>\n<p>The single market, which became operational at the beginning of 2021, aims to remove most tariffs on goods and services in Africa among member countries and enable the free movement of businesspersons and investments.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. ECOBANK Group, the leading Pan-African bank, has unveiled its single market trade hub as part of its commitment to promoting intra-African trade. The Ecobank single market trade hub (the trade hub) is now live, with over 300 businesses from 22 countries having signed on to the digital platform so far. It connects [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":79173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":{"0":"post-79174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ecobank unveils single market trade hub - zimbabwe<\/title>\n<meta name=\"description\" content=\"ECOBANK Group, the leading Pan-African bank, has unveiled its single market trade hub as part of its commitment to promo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecobank-unveils-single-market-trade-hub\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecobank unveils single market trade hub\" \/>\n<meta property=\"og:description\" content=\"ECOBANK Group, the leading Pan-African bank, has unveiled its single market trade hub as part of its commitment to promo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecobank-unveils-single-market-trade-hub\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-16T19:37:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T23:24:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686941467.974972.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"499\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecobank-unveils-single-market-trade-hub\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecobank-unveils-single-market-trade-hub\",\"name\":\"Ecobank unveils single market trade hub - 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