StanChart relaunches China-Kenya trade corridor solution for SMEs

The initiative empowers local SMEs by providing improved access to financing, reduced transaction costs, and direct links to Chinese markets, with a focus on sectors such as manufacturing and green energy. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Standard Chartered Bank has relaunched its China-Kenya trade corridor solution aimed at empowering local small and medium-sized enterprises (SMEs) engaged in Sino-Africa trade.

The initiative offers improved access to financing, reduced transaction costs, and direct links to Chinese markets, particularly for sectors like manufacturing and green energy.
Key figures involved include Richard Li, group head of global Chinese at Standard Chartered, and Bernard Kombo, head of SME Banking at Standard Chartered Kenya.
SMEs can achieve up to 2 percent annual savings by using the RMB for working capital financing, leveraging a cross-border international payments system that settles in 15 seconds.

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