PIERS Supports Mochron Investments’ Initiative to Accelerate Trade in Africa
By Piers, PRNETuesday, July 19, 2011
NEWARK, New Jersey, July 20, 2011 -
Mochron Investments, owner
of the African Initiative of World Trade Centers (an initiative
which consists of the ownership and operation of World Trade
Centers in sub-Saharan Africa), is now using global trade
intelligence from PIERS, the
Standard in Trade Intelligence, to accelerate international trade
with Africa.
As part of an initiative to establish an African network of
World Trade Centers, Mochron is currently forming business
partnerships in 43 sub-Saharan African nations. Countries involved
in the initiative are: South Africa, Botswana, Uganda, Kenya,
Rwanda, Tanzania, Zambia, Mozambique and Namibia. With the hub in
Cape Town, South Africa, the main purpose of the centers is to
stimulate local economies and provide a platform for companies of
all sizes to gain access to international markets. Companies
serving a diverse range of business sectors are being linked, such
as shipping companies, freight forwarders, insurance and finance
companies, and hotel groups, as well as Chambers of Commerce and
the World Bank. Mochron’s ultimate goal is to increase trade
with Africa by 1% within 5 years. This will generate $70 billion,
which is three times the amount of aid Africa currently receives
from the G8 countries.
PIERS gathers, aggregates, and processes millions of global
import and export transaction records annually. To support
Mochron’s effort, two key trade intelligence solutions from PIERS,
PIERS Prospects™ and
PIERS StatsPlus™ are being implemented across the centers.
Utilizing PIERS Prospects, the centers will gain access to
actionable intelligence which connects companies servicing
importers and exporters. PIERS StatsPlus combines
international trade statistics with market specific trade
information to provide the global picture of a commodity and the
companies importing or exporting it.
Gavin Carter, Executive Vice President of PIERS said, “The
formation of this partnership between PIERS and the African
Initiative of World Trade Centers complements our other ongoing
initiatives in emerging markets and partnering with economic
development organizations. Over the past year, PIERS has been
focusing heavily on understanding new problem domains and
developing technology and solutions to help address these. Africa’s
growing role is at the forefront of these developments, which makes
this partnership not only rewarding but exciting as well.”
Julius Steyn, CEO of Mochron Investments said, “This
collaboration between the strategic partners - PIERS and Mochron
Investments, will propel Mochron Investments and the African
Initiative of World Trade Centers to new heights and will
significantly aid in reaching Mochron’s 1% goal for increasing
trade with Africa.”
Global economists agree that emerging markets such as Africa
will continue to serve as significant growth areas in the world
economy.
About PIERS
PIERS is the global import and export information service that
provides powerful tools and data for measuring markets, analyzing
competition and uncovering opportunities. Launched more than
35 years ago, PIERS was the first venture in digital global trade
intelligence and quickly became the industry standard for accuracy,
reliability and insight. Thousands of subscribers from public
and private businesses, trade associations and governments around
the world rely on PIERS to guide their global business
strategies. PIERS is a division of UBM Global Trade, and a
sister company of The Journal of
Commerce. For more information, visit
+1-973-776-8660 or (toll free) +1-800-952-3839.
About Mochron Investments
Mochron Investments Ltd., based in Cape Town, South Africa at
the World Trade Center Cape Town, is invested in Transactional
Banking and International Trade Development. Its geographical focus
is Sub-Sahara Africa. Mochron houses the fully operational Mochron
Office for International Trade that leverages the capabilities of
partners in 43 Sub-Saharan African Countries, to function and
operate as a unified global force. Forming business
partnerships in these 43 Sub-Saharan African Nations to assist
local businesses in establishing an African Network of World Trade
Centers, Mochron Investments owns the African Initiative of World
Trade Centers (the Sub-Saharan Africa World Trade Centers.)
Services include trade promotion, transactional trade services and
trade education, import/export management, financial and risk
management solutions pertaining to importing and exporting, and
trade facilitation. For more information, visit
the World Trade Center Cape Town at
+27 21 551 7170 / +27 87 944 4072.
Barbara Cromarty, +1-973-776-7834, bcromarty at piers.com
