If we could picture the TIR system being implemented in the post-Covid era, it will be a step way forward in going paperless, reducing trade barriers, as well as adding value to existing transit transportation systems.
Technology is widely used to support the internal trade finance processes of African banks, DFIs and alternative lenders. The digital tools that they deploy range from Microsoft’s basic suite of programs to the more sophisticated systems such as Ecobank’s OMNI eFSC (Electronic Financial Supply Chain) software. However, these solutions exist in silos with disjointed usage and application.
