DP World launches e-commerce platform

DP World launches e-commerce platform

Online marketplaces are a significant opportunity for economic growth in Africa, which today accounts for less than 0.5 per cent of global e-commerce according to the United Nations Conference on Development and Trade. The combination of DUBUY.com with DP World's physical logistics infrastructure and data-driven logistics solutions will solve some of the key challenges to the growth of e-commerce on the continent, including reliable fulfilment, secure financial transactions, and the movement of goods. Mahmood Al Bastaki, chief operating officer of Dubai Trade World, said people and companies everywhere are turning to technology to fuel their post-pandemic recovery and improve access to global trade. "DUBUY.com represents a new model of trade in Africa, designed to strengthen its existing potential and open businesses and markets organically by enabling trade and supplying innovation. This technology allows home grown businesses to become international manufacturers and exporters by linking them with new markets in Africa and the rest of the world," he said. The DUBUY.com platform offers a one-stop-shop, ensuring all transactions on the site are secure, from onboarding only trusted suppliers through to integrating leading payment service providers. There are pre-negotiated, heavily discounted shipping tariffs in place, with regular console boxes moving between origin