Using a network of fully vetted international providers from China, business owners and individuals can now source, land and finance accredited solar energy components for any scale of renewable power generation and storage. The greatest push to renewables on the continent is to plug major energy gaps and deliver the critical electricity needed to drive sustainable economic growth. Through its relationship with financial institution the Industrial and Commercial Bank of China, Standard Bank has been able to leverage its capability to connect with global suppliers in China. Through Standard Bank’s sourcing partner, clients will now be able to source the right product fit for a variety of applications – commercial, industrial, residential, or project-based.
Connecting African importers with Chinese exporters, the ACTS facilitates all trade requirements, from preshipment to post-shipment. In a carefully managed process, suppliers are sourced, prices are negotiated, travel logistics are arranged and the validation of quality of goods is done with the provision of quality guarantees. Any failures are then rectified on behalf of importers by the import partner. Through a strong pipeline of renewable technology and components, Standard Bank was aligning itself with the United Nations Sustainable Development Goals of limiting carbon emissions, while also fulfilling Standard Bank’s environment, social and governance commitment to achieve net-zero emissions across its operations.