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Sub-Saharan Africa: Continuing to tap the potential
04 October 2011
Michele Martensen examines trends in export credit financing in sub-Saharan Africa, and assesses if recent business expansion can be sustained.
Read more:
Export finance Sub-Saharan Africa
Capital Equipment Africa
Barclays Capital
Absa
Deutsche Bank export finance
Much of the export credit-related deal activity in sub-Saharan Africa continues to centre on commodities and the infrastructure and trade requirements that flow from that. With its abundance of natural resources, Africa remains one of the few places in the world with vast untapped reserves. Its infrastructure requirements are massive. Development opportunities, for example, in railways, airports, ports, natural-resources facilities, power generation, telecoms and water treatment are considerable.
As a product offering in the region, export credit agency (ECA) backed funding continues its upward trajectory against other sources of debt liquidity. Some key trends stand out.
Both ECAs, development banks and multilaterals are extremely active in the region. Signs also suggest that in addition to working with their exporter banks, a growing number of ECAs are looking to work directly with local in-country banks that are closer to the buyer/bor-rower. And with most countries stable politically and improving governance, financiers...
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