UAE and Africa to strengthen non-oil trade and investments – Gulf Today

UAE and Africa to strengthen non-oil trade and investments – Gulf Today

Officials during the event.

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