Three dedicated professionals with extensive sectoral experience and local market knowledge have joined the trading desk to support clients in boosting trade with the promising markets in Africa.
Prerit Goel, director, Gulf Petrochem Group, said: “The addition of a dedicated Southern Africa and Sub-Saharan Africa trading desk will further support our global client base providing them informed insights into the trading dynamics of the region.”
“The two regions have tremendous growth potential and are central to the new global trade links that are being fostered, especially with China’s One Belt, One Road initiative. The regions have a strong role in meeting global demand for commodities and serve as a vibrant market for the developed and developing nations in meeting their demand for raw materials,” added Goel.
The new trading desk will have the required market knowledge and more of the three team members who have over 20 years of experience in the region. Githitho was previously associated with MENA Energy DMCC as trader, middle distillates, looking at physical oil trading for middle distillates in West and East of Suez.
He has exposure to calculating arbitrage economics for East of Suez to West and vice versa, to take advantage of the spot opportunities arising.
Yolanda Nell was associated with Bomin (Mauritius) Ltd as senior physical bunker trader. Apart from trading, she was responsible for project support, compliance, legal and accounting structures.
Gert Nell was also previously with Bomin (Mauritius) Ltd as general manager and bunker trader. He was responsible for meeting with government officials for negotiations and establishing a new group physical supply in new countries. He successfully built the Sub-Saharan supply network, covering 25 new countries, 50 new ports and more than 500 supply contacts.
Gulf Petrochem Group is fast expanding its global market spread and plans future expansion in Europe, Middle East and APAC regions.