Addis Herald
  • Home
  • History
  • Africa
  • Travel
  • Music
  • Culture
  • Art

Culture

  • Or. 607The Ethiopian Emperor’s Manuscripts
  • 36540E1A-A477-4FDD-A4E7-2DD01514F57DEthiopian Manuscripts and Painting from the Seventeenth to the Nineteenth Century
  • 184D8D78-8168-43A0-8F33-95AAC1CE81B2The Top Ten Ethiopia’s Endemic Wild Animals
  • 68B656DE-B1F3-47D4-9F6A-198C6FA6FCA3The New Face of Addis
  • 20-must-read-poems-ethiopian-poets20 Of The Best Poets And Poems of Ethiopia (Qene included)

Business

  • China-Ethiopia-forumEthiopia’s Export to China Grows Amid Booming FDI from Chinese Companies to the Country
  • 32AAAC40-C7CF-4A10-8C4A-D63F30DC6D07As Telebirr Increases it’s Subscribers to 18 mln, It’s Mother company Ethio Telecom launches 5G network
  • 57BD9DF7-CDDD-4722-AD63-F5A0C41A11B1Recovery Period: Inside Ethiopian Airlines’ 4-Pillar Growth Strategy
  • DC89FC8D-FC0B-4547-B6E6-7D8A4540717E12 investment opportunities in Ethiopia’s packaging industry
  • 3D2D6F24-5BB6-4943-AD60-DA8E222749C2Ethiopian Airlines leases two Dash 8-400 aircraft from TrueNoord

Africa

  • 2B04558D-E562-4F0C-B0F8-36082FF2C299As Gas hold the key to Africa’s energy future , it also may Rescue Europe’s energy crisis
  • C1480A4F-9399-4DEC-8DE9-6CD659342646African entrepreneurs need to be taken seriously
  • United-States-of-AfricaUnited States of Africa: A dream that got Gaddafi killed at the hands of a desperate US
  • 3B1B58E3-5D40-4ADA-8835-29B316116181Africa Isn’t an Opinion or an Opiate: An Ode to the Ever Defiant Motherland
  • E0A49956-D481-44EF-9A41-0B34EF9BDFAEAfrica: The Mother of all Civilization
Trade-Development-Bank
April 14, 2021

African Trade and Development Bank (TDB) Executes the First Intra-African Trade Finance Transaction via Blockchain

Bitcoinke

The Eastern and Southern African Trade and Development Bank (TDB) has said that it has executed the first intra-African trade finance transaction worth over $400 million dollars via blockchain.

The transaction involved OCP Group, a state-owned phosphate mining and fertilizer producer and an Ethiopian buyer via DLTLedgers, a Singapore-based fintech that operates on R3 Corda decentralized and consensus network.

According to the state-owned OCP Group, the use of blockchain for trade finance is all part of the parastatal’s digitization strategy that saw the trade take place in under 2 hours compared to over 3 weeks through the traditional banking system.

This is the second transaction by DTLLedgers in Africa with the first involving AgroCorp, a Singapore-based company, which used the blockchain to handle the importation of $22 million worth of sugar into Ethiopia from India – the first live end-to-end trade finance deal using blockchain technology for an African development finance institution.

Speaking about this monumental transaction, Admassu Tadesse, CEO and Managing Director, TDB, said:

“As part of our response to the pandemic, we have been providing liquidity to our clients to curtail cross-border trade and supply chains disruptions, and ultimately, to help our member states continue working towards their development objectives.

With transport logistics slowing down, blockchain has been instrumental in making this happen. We are thrilled to continue our partnership with dltledgers which will enable us to increase our volume of trade finance executed via blockchain during this difficult period, and beyond.”

              – CEO, Trade Development Bank

According to the bank’s deputy CEO, TDB is looking to working with more financial institutions, traders, and suppliers across Africa and globally who ‘stand to significantly benefit from the digitisation of their trade finance activities.’

Increasing the manufacturing capacity for COVID-19 vaccines in Africa could help ensure the continent demand Western JournaLIEsm and Ethiopia

Related Posts

2B04558D-E562-4F0C-B0F8-36082FF2C299

Africa, News

As Gas hold the key to Africa’s energy future , it also may Rescue Europe’s energy crisis

C1480A4F-9399-4DEC-8DE9-6CD659342646

Africa, Headlines

African entrepreneurs need to be taken seriously

China-Ethiopia-forum

Business, News

Ethiopia’s Export to China Grows Amid Booming FDI from Chinese Companies to the Country

THe Best Super Bowl Halftime Shows yet

https://youtu.be/a9cjzN9N7Go
https://youtu.be/oT1LO-6OC-I

Travel

  • Ethiopia has Over 10,000 Megalithic Monuments dating Back to the 1st CenturyEthiopia has Over 10,000 Megalithic Monuments Dating Back to the 1st Century
  • ethiopia_ethiopian_wolf_35Brilliant Ethiopia: The Unique Wonder
  • F6BD7E94-BC77-4B3E-B905-7B140F12F5FDKenya Had an Elephant ‘Baby Boom’ — and Now You Can Adopt One
  • Addis_herald_omo_3910 Main Tourist Attractions Places in Africa
  • Homage to Entoto Park How the Old “Town in the Forest” is turning into a newly flowering tourist hubHomage to Entoto Park How the Old “Town in the Forest” is turning into a newly flowering tourist hub

Africa

  • 2B04558D-E562-4F0C-B0F8-36082FF2C299As Gas hold the key to Africa’s energy future , it also may Rescue Europe’s energy crisis
  • C1480A4F-9399-4DEC-8DE9-6CD659342646African entrepreneurs need to be taken seriously
  • United-States-of-AfricaUnited States of Africa: A dream that got Gaddafi killed at the hands of a desperate US
  • 3B1B58E3-5D40-4ADA-8835-29B316116181Africa Isn’t an Opinion or an Opiate: An Ode to the Ever Defiant Motherland
  • E0A49956-D481-44EF-9A41-0B34EF9BDFAEAfrica: The Mother of all Civilization

Culture

  • Or. 607The Ethiopian Emperor’s Manuscripts
  • 36540E1A-A477-4FDD-A4E7-2DD01514F57DEthiopian Manuscripts and Painting from the Seventeenth to the Nineteenth Century
  • 184D8D78-8168-43A0-8F33-95AAC1CE81B2The Top Ten Ethiopia’s Endemic Wild Animals
  • 68B656DE-B1F3-47D4-9F6A-198C6FA6FCA3The New Face of Addis
  • 20-must-read-poems-ethiopian-poets20 Of The Best Poets And Poems of Ethiopia (Qene included)

Business

  • China-Ethiopia-forumEthiopia’s Export to China Grows Amid Booming FDI from Chinese Companies to the Country
  • 32AAAC40-C7CF-4A10-8C4A-D63F30DC6D07As Telebirr Increases it’s Subscribers to 18 mln, It’s Mother company Ethio Telecom launches 5G network
  • 57BD9DF7-CDDD-4722-AD63-F5A0C41A11B1Recovery Period: Inside Ethiopian Airlines’ 4-Pillar Growth Strategy
  • DC89FC8D-FC0B-4547-B6E6-7D8A4540717E12 investment opportunities in Ethiopia’s packaging industry
  • 3D2D6F24-5BB6-4943-AD60-DA8E222749C2Ethiopian Airlines leases two Dash 8-400 aircraft from TrueNoord

RSS Allfrica.com News feed

  • Africa: Guterres in Senegal - 'Triple Crisis' in Africa Aggravated By War in Ukraine
  • Africa: 60 Start-Ups Across Africa to Get $4m Google Fund
  • Africa: Over 11.6 Million Confirmed Cases of Covid-19 Across Continent
  • Africa: ILO - Child Labor Rising Around the World
  • Africa: Seventy-Fifth World Health Assembly to Focus On "Health for Peace, Peace for Health" for Recovery and Renewal
  • Africa: Tz Elected AU Peace and Security Council Member
  • Africa: Cameroonian Activist Wins Wangari Maathai Forest Champions' Award 2022
  • Africa: Africa Expected to Strongly Support Durban Call to Action On Child Labour
  • Africa: Call to Invest 'Serious Resources' in Education, to Stem Tide of Child Labour
  • Africa: African Scientists and Technology Could Drive Future Black Hole Discoveries
  • Abijitta-Shalla National Park
  • Alatish Ethiopian National Park
  • Awash National Park
  • Babille Elephant Sanctuary
  • Bahir Dar Blue Nile Millennium Park
  • Bale National Park; Ethiopia’s lesser-known Treasure
  • Bale Mountains National Park
  • Borena-Sayint National Park
  • Chebera Churchura National Park
  • Dati Wolel National park
  • Gambella National Park
  • Gambella National Park 2
  • Kafta-Sheraro National Park
  • Mago National Park
  • Maze National Park
  • Nechisar National Park, Ethiopia
  • Omo National Park 
  • The Semien Mountains
  • Yabello National Park
  • Yangudi Rassa National Park
© Addis Herald 2022
  • Contact us
en English
af Afrikaansam Amharicar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanel Greekhi Hindiit Italianja Japaneseko Koreanla Latinru Russianes Spanishsu Sudanesesw Swahilisv Swedish