Etihad Credit Insurance and African Trade Insurance Agency partner to boost non-oil trade and investments between UAE and Africa

Etihad Credit Insurance and African Trade Insurance Agency partner to boost non-oil trade and investments between UAE and Africa

- Trade between the United Arab Emirates and several African nations has registered steady growth, with the UAE becoming one of the world’s biggest investors in Africa by expanding its influence on the continent in recent years

Dubai, UAE: Etihad Credit Insurance (ECI), the UAE Federal export credit company, and African Trade Insurance Agency (ATI) signed a reciprocal reinsurance agreement to strengthen trade ties and boost exports between the two markets by providing trade credit insurance and trade finance solutions to businesses.

The deal follows the Memorandum of Understanding (MoU) each entity signed in March last year to enhance the global competitiveness of exporters by improving their awareness of export credit and trade finance solutions and encouraging them to use risk-mitigating tools against commercial and political risks.

Under the agreement, signed by Massimo Falcioni, CEO of Etihad Credit Insurance and Manuel Moses, CEO of ATI, both organisations aim to support joint Emirati and African ventures in their own countries as well as their collaborative initiatives in other countries by sharing risks enabling these companies to grow trade globally.

Emphasising the significance of this strategic alliance, Falcioni said: "UAE and Africa continent enjoy illustrious historic bilateral trade relations, and we at ECI are proud to