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Export Credit Insurance Corp News

Intra-Africa trade lags

25th January 2019 With the 2019 Investing in African Mining Indaba – the world’s largest mining investment conference, dedicated to the capitalisation and development of mining throughout Africa – set to take place in February, insurance corporation Export Credit Insurance Corporation of South Africa (ECIC)... 

Nacala corridor transaction reaffirms ‘Africa open for business’

30th July 2018 Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised... 

Afreximbank, ECIC Sign MOU, Pledge $1bn to Expand Trade Between South Africa and Other African Nations

16th April 2018 Afreximbank President Dr. Benedict Oramah (right) and Kutoane Kutoane, Chief Executive Officer of ECIC of South Africa, exchange documents following the signing of the MOU in Cairo. The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC)... 

South Africa set to play significant role in Congo potash project

16th April 2018 South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion. Potentially one of the lowest operational cost potash projects in... 
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SARB likely to hold rates on March 28

The South African Reserve Bank (SARB) is expected to leave interest rates unchanged next week, and with a weak currency threatening to stoke inflation, it probably won't cut rates this year, a Reuters poll showed on Wednesday. Inflation in Africa's most industrialized economy is currently below... 

Accounting institute to investigate Jooste, La Grange in Steinhoff saga

The South African Institute of Chartered Accountants (SAICA) on Tuesday, said that it would investigate two of its members implicated in 'alleged improper conduct' related to the Steinhoff accounting fraud saga. In heated discussions on the matter among various parliamentary committees on... 
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