Trade finance can take days. In Mauritius, it took less than an hour.
Mauritius Commercial Bank and Export Trading Group (ETG), a Mauritian agribusiness company, said they have completed Africa’s first electronic Bill of Exchange transaction under Mauritian law, replacing paper documents that would have travelled by courier with digital ones that moved in minutes. It’s a small transaction with a potentially big implication for how African businesses move money and goods across borders.
Reminder: We’re looking for stories from people whose journeys changed at Moonshot. Met a co-founder, investor, partner, or future employer there? Tell us about it.
Let’s get into today’s dispatch.
Originally published by TechCabal.