Cover Policy – Export Credit Guarantees
There are no formal restrictions on cover.
There are no formal restrictions on cover for transactions with private buyers.
No cover facilities available for public buyers. Transactions with state-owned buyers can be covered on a case-by-case basis provided that they are established as private sector organizations and operate without recourse to public funds.
If the foreign buyer’s creditworthiness is inadequate, bank security is required.
- List of Banks:
Accepted as guarantor or borrower:
- African Export-Import Bank (Afreximbank)
Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).
The most important GTAI country information on Africa can be found at a glance on the Africa Business Guide (German version, www.africa-business-guide.de).
You can find more detailed information on the G20 initiative „Compact with Africa“ (www.compactwithafrica.org).
Cover Policy – Untied Loan Guarantees
There do not exist any restrictive country cover policy decisions for Untied Loan Guarantees. However, when deciding on cover of raw material projects, the Federal Government always takes the current situation in the host country into account. If you have any queries, please do not hesitate to contact our experts.
No responsibility is taken for the correctness of the information provided.