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Sub-Saharan Africa: ECA input on the rise
22 June 2010
Sam McManus assesses the growth of export credit agency involvement in the sub-Saharan region.
Read more:
export credit africa
ECA finance africa
export finance Africa
Sace Africa
HSBC Africa
China Africa trade
This article appears in the print edition of Trade Finance under the headline: A little less conversation, a little more ECA action
There has always been a lot of talk about export credit agencies (ECAs) in sub-Saharan Africa, yet the last six months has seen them radically up the pace of their activities to successfully close more deals and facilitate trade.
China is an enormous influence in the region with the Chinese state insurer Sinosure covering a variety of transactions with a boom of infrastructure deals on the horizon. The European ECAs are also raising their game and demonstrating a strong appetite for new business. “The relative attractiveness of ECA financing versus other sources of debt capital has improved significantly.
We are seeing a lot of activity from both the traditional ECAs as well as new age ECAs. Sinosure, JBIC, Kexim, US Ex-Im, EDC, ECGC, Euler Hermes, Sace and a number...
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