Export Credit Insurance Corporation of South Africa (ECIC) has signed a
memorandum of understanding for a $1billion financing programme to
promote and expand trade and investments between South Africa and the
rest of Africa.
Promotion Programme (SATIPP), Afreximbank and ECIC will work together to
identify, prepare and appraise trade transactions and projects; explore
co-financing and risk-sharing opportunities; and share knowledge, with
particular emphasis on intra-African trade matters, through technical
cooperation, staff exchange, research and joint events.
initiative would support businesses through capacity building and market
information initiatives and would help small and medium-sized
entrepreneurs to join regional supply chains.
to South African investors seeking trade and investment opportunities
in Afreximbank African member countries.
the Intra-African Trade Fair (IATF) being organised by Afreximbank in
Cairo, Egypt, in December 2018.
Kutoane Kutoane, chief executive of ECIC, said: “We realise that one of
the best ways to enhance our exporting capabilities as a country is by
intensifying mutually beneficial trade with the rest of the continent.