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Export Credit Insurance Corp News

Energy capacity shortfalls stunting Africa’s industrialisation efforts

15th February 2019 Insurance company the Export Credit Insurance Corporation of South Africa (ECIC) says there are significant shortfalls and backlogs in Africa’s installed energy capacity, which is stunting the continent’s efforts to industrialise and expand its local economies. ECIC COO Mandisi Nkuhlu stresses... 

Funding for SA firms seeking to increase African trade and investment exposure

3rd August 2018 Increased trade and interdependence with the rest of Africa are set to bolster the anaemic economy of South Africa through the R13.4-billion Export Credit Insurance Corporation of South Africa (ECIC) and African Export Import Bank (Afreximbank) South African Trade and Investment Promotion... 

Funding for SA firms seeking to increase African trade and investment exposure

3rd August 2018 Increased trade and interdependence with the rest of Africa are set to bolster the anaemic economy of South Africa through the R13.4-billion Export Credit Insurance Corporation of South Africa (ECIC) and African Export Import Bank (Afreximbank) South African Trade and Investment Promotion... 

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... 
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Rothschild's Kingston to help South Africa State firm rescue

Martin Kingston, who on April 1 steps down as chief executive officer of Rothschild & Co’s South African unit after 13 years, wants to help revive the country’s beleaguered state-owned companies. Kingston, 61, will shift to executive chairman of the investment bank’s unit, and plans to wind down... 

Economists split on South Africa avoiding Moody's negative cut

South Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt. Economists are divided on what Moody’s Investors Service will do when it potentially makes an announcement on... 
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