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Browsing: Nippon Export and Investment Insurance (NEXI)
- Japan’s Export Credit Agency, NEXI is the newest shareholder of ATI, with a $14.8 million capital injection.
- The two organisations have a long-standing strategic partnership of boosting Japanese investment and trade across Africa.
- NEXI provided reinsurance support to ATI for Sumitomo’s investment in Safaricom Ethiopia.
The African Trade Insurance Agency (ATI) has welcomed Nippon Export and Investment Insurance (NEXI) as its latest shareholder, as Japan’s export credit agency joins the Pan-African guarantee institution.
NEXI’s capital injection of $14.8 million further strengthens the enduring and expanding partnership between Africa and Japan. The deal syncs within the framework of the Tokyo International Conference on African Development (TICAD). Through this collaboration, ATI and NEXI will facilitate Japanese trade and promote Foreign Direct Investment (FDI) into Africa.
Promoting Japan-Africa trade
“Our strong collaboration with NEXI in recent years fostered within the TICAD framework has been instrumental in promoting trade and investment between Japan and …
Export-Import (EXIM) bank United States said it is in the process of providing $4.7 billion in financing the liquefied natural gas (LNG) project in Mozambique.
Exim Bank United States fund is the largest commitment given by any lender towards the priciest hydrocarbon development in Africa.
The 13 Million Tonnes Per Annum LNG project will cost $20 billion to develop but Total which is in charge of the project is borrowing $14 billion from 28 financiers.
EXIM bank is one of eight Export Credit Agencies financing the project include Japan Bank for International Corporation (JBIC), Nippon Export and Investment Insurance (NEXI), UK Export Finance (UKEF), Servizi Assicurativi del Commercio Estero of Italy (SACE), Export Credit Insurance Corporation of South Africa (ECIC), Atradius Dutch State Business (Atradius) and Export-Import Bank of Thailand (EXIM Thailand).
There are 19 commercial banks financing the project in which Standard Bank of South Africa, is leading with …