{"id":36391,"date":"2021-09-11T15:20:48","date_gmt":"2021-09-11T15:20:48","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=36391"},"modified":"2021-09-11T13:04:01","modified_gmt":"2021-09-11T13:04:01","slug":"eac-smes-to-reap-fortunes-from-digital-platform","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform","title":{"rendered":"EAC SMEs to reap fortunes from digital platform"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>THE East African Business Council (EABC) has joined forces with Afrieximbank in rolling out the African Customer Due Diligence Platform.<\/p>\n

Such a partnership is set to boost East African companies and Small Medium Enterprises (SMEs) to take advantage of African Continental Free Trade Area (AfCFTA) through accessing a centralised source of due diligence information.<\/p>\n

Also known as the Mansa digital, the platform will provide a single primary source of Know-Your-Customer (KYC) data required to conduct customer due diligence checks on counterparties in Africa with a special focus on African Corporates, SMEs and financial institutions.<\/p>\n

Speaking at the virtual launch ceremony of the Africa Customer Due Diligence Platform last week, EABC Chief Executive Officer John Bosco Kalisa was upbeat that the platform would enable African financial institutions and corporate entities to meet customer and business partners\u2019 expectations while ensuring regulatory compliance.<\/p>\n

\u201cThe platform will provide critical information for credit assessments geared to promote financial inclusion,\u201d he said.<\/p>\n

According to Mr Kalisa, the EAC region was the fastest economic bloc on the continent, accounting approximately 16 per cent of Africa\u2019s Gross Domestic Product.<\/p>\n

Mr Kalisa was further optimistic that the African Continental Free Trade Area (AfCFTA) will boost investment and consumer to 4 trillion US dollars, generate jobs, strengthen value chains, industrialisation and SMEs expansion.<\/p>\n

\u201cThe Mansa digital platform is set to facilitate smooth on-boarding of customers and business relationships as well as ensure availability of due diligence information plus mitigate perceived risk of trading with African counterparties,\u201d added the EABC boss.<\/p>\n

Ms Maureen Mba, Head of Mansa Business, Afreximbank described the platform as a game changer for intra-Africa trade.<\/p>\n

Ms Mba emphasized that the Mansa platform enables SMEs to diversify and find new partners to scale up their industries across the continent.<\/p>\n

The Mansa digital platform is also expected to reduce risks to intra-African trade such as increased financial crime and high-cost acquisition of Customer Due Diligence.<\/p>\n

Through EABC, companies can subscribe to the Mansa digital platform free of charge; this is set to reposition the EAC bloc to tap into the AFCFTA market of 1.3 billion consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. THE East African Business Council (EABC) has joined forces with Afrieximbank in rolling out the African Customer Due Diligence Platform. Such a partnership is set to boost East African companies and Small Medium Enterprises (SMEs) to take advantage of African Continental Free Trade Area (AfCFTA) through accessing a centralised source of due […]<\/p>\n","protected":false},"author":84,"featured_media":36390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[6990,6991,711],"class_list":["post-36391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nEAC SMEs to reap fortunes from digital platform - Tanzania<\/title>\n<meta name=\"description\" content=\"THE East African Business Council (EABC) has joined forces with Afrieximbank in rolling out the African Customer Due Dil ...\" \/>\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\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EAC SMEs to reap fortunes from digital platform\" \/>\n<meta property=\"og:description\" content=\"THE East African Business Council (EABC) has joined forces with Afrieximbank in rolling out the African Customer Due Dil ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-11T15:20:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/09\/img-613ca9291e79a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"952\" \/>\n\t<meta property=\"og:image:height\" content=\"498\" \/>\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\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EAC SMEs to reap fortunes from digital platform\",\"datePublished\":\"2021-09-11T15:20:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/09\/img-613ca9291e79a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/eac-smes-to-reap-fortunes-from-digital-platform\",\"name\":\"EAC SMEs to reap fortunes from digital platform - 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