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Export Credit Insurance Corp News

Afreximbank Regional COO to address Supply Chain Conference 22 May

14th May 2019 The African Export-Import Bank (Afreximbank) was established in 1993, and South Africa joined the bank as a shareholder in 2017. The Bank’s SA Trade and Investment Promotion Programme (SATIPP) announced in 2018 makes available $1 billion in trade finance to South African enterprises, and is... 

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)... 
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'Let us forge a compact for growth and economic opportunities'

Trade unionist-turned-businessman Cyril Ramaphosa was sworn in as South Africa’s president on Saturday, vowing to create jobs and tackle deep-rooted corruption that has strangled economic growth. Ramaphosa, who becomes the country’s fourth democratically elected president since the end of... 

Eskom CEO resigns for health reasons

The chief executive of South Africa’s struggling power utility Eskom, Phakamani Hadebe, said on Friday he was stepping down for health reasons after leading efforts to stabilise the highly indebted state firm. Eskom is regularly cited by ratings agencies as one of the main threats to the... 
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