Nigerian start-up MVXchange has inked a partnership agreement with Japanese logistics firm Standage to ease trading services between Africa and Asia.
Although the financial details were not made public, the partnership will help complete all trade operations,.
These include matching buyers and sellers, to settlement and financing, and cargo delivery.
Prior to this agreement, African companies bore the brunt of clearing imported goods from Japan at the various sea ports and airports.
Most of these African companies buying these Japanese goods were often small or medium sized enterprises (SMEs) – leading to human and logistics challenges.
But now this agreement between MVXchange and Standage will allow digital cargo management, delivery arrangements, import/export and customs clearance procedures for local logistics in Africa.
This means DiGiTRAD users and cooperating logistics companies can now easily perform MVXchange import customs clearance procedures and local delivery arrangements from the DiGiTRAD system.
MVXtransit has always organized the flow of import, export, regional and in-country freights for African businesses.
It is West Africa’s first online vessel chatering platform.
Its digital freight booking and management platform has provided convenient and seamless door-to-door freight experience