• Wednesday, February 28, 2024
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BusinessDay

Access Bank partners GMT to ease importation transaction via FLOWS

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Consistent with its innovative culture of continuously seeking ways to add value to its customers’ businesses, Access Bank plc in partnership with GMT, the foremost integrated logistics service provider in Sub-Sahara Africa came together to ease importation transaction by introducing Finance and Logistics Worldwide Scheme (FLOWS).

FLOWS is a unique combination of import finance and logistics services targeted at importers of non-perishable, fast moving and unrestricted goods.

The platform promises to deliver an end-to-end cost efficient management of the entire import process which reduces the total lead time of a typical importation transaction.

“We are very aware that the importation process can be very hectic due to several factors that we are all familiar with and we have decided to bear this burden on behalf of our clients”, Herbert Wigwe, Group Managing Director, Access bank said at the official launch of FLOWS in Lagos.

Wigwe appreciate the fact that Small and Medium Enterprises (SMEs) are the future and engine room of the economy, and that the Bank is well positioned to providing the necessary support through deliberate focus and commitment of resources towards their growth.

“Access Bank recognises its role in promoting an efficient, effective and sound financial sector capable of providing a wide range of demand-driven financial services including supporting the financing needs of the SME sector”, he said.

Martin Thome, deputy managing director of GMT Nigeria Limited., said that the company would help to solve the documentation challenges that associated with importations.

He explained that the solution is a combination of import-financing and logistic service tailoted to meet the dynamic needs of importers.

According to him, those to enjoy the solution include traders, manufacturers, contractor, owners of retail outlets and among others.

It also provide importers with optimised landed cost of goods and guarantee short time for the entire importation process as well as reliable means of importing into the country, Thome said in Lagos.

 

HOPE MOSES-ASHIKE