2016 1091 1091
Cape Town - The state-owned Export Credit Insurance Corporation os SA (ECIC) is looking into whether it should expand its role to become an "eximbank", which would allow it to make loans directly to exporters.
2016 1105 1105
Energy security key for prosperous copper mines
AARIFAH NOSARKA I CREAMER MEDIA REPORTER
The recent prolonged drought in Zambia, home to an energy intensive copper mining industry, brings the need for additional and diversified electricity production to the fore, as the country has traditionally relied on the hydropower it produced to generate the bulk of its electricity, mining industry consultancy MSA Group's principal coal consultant Philip Mostert tells Mining Weekly "The July commissioning of the first 150 MW of the 300 MW coal-fired power plant at Maamba collieries is the first step in Zambia's diversification of its energy mix. With the energy hungry copper mines accounting for half of the electricity demand and the economy, growing at 5% a year for the past ten years, more electricity generation capacity is required," Mostert highlights.
2016 1148 1148
The Africa Investment and Integration Desk (AVID) with the support of the Export Credit Insurance Corporation of South Africa (ECIC), held an Africa Public Private Partnership business workshop on Wednesday, 31 August 2016 at Ernest & Young in Sandton, Johannesburg.
2016 1193 1193
John Omollo was interviewed on SAFM on the 01 September 2016, at 10h05 – 10h30 under the topic ECIC’s role in encouraging trade and investment.
2016 31519 31519
On Tuesday, 16 August 2016, ECIC participated at the Provincial KZN Manufacturing Indaba, held at the Durban ICC and hosted by the Department of Trade and Industry and the Durban Chamber of Commerce and Industry. After a successful National Manufacturing Indaba held at the country’s manufacturing hub, Ekurhuleni, ECIC was yet again invited to the provincial Indaba.
2016 1259 1259
Int: Chief Economist : Export Credit Insurance Corporation : Tshidiso Disenyana
2016 1134 1134
ECIC was mentioned in the Beeld Newspaper as well as Netwerk24 on 27 July 2016 with regard to the underwriting of the Cenpower project in Ghana.
2016 1346 1346
ECIC was mentioned in the Beeld Newspaper as well as Netwerk24 this morning, with regard to the underwriting of the Cenpower project in Ghana.
2016 2181 2181
The Honorable Minister of Trade and Industry, Dr. Rob Davies The Director General of the Dti, Mr. Lionel October, Fellow members of the dti fraternity here present Representatives of the South African exporter community and all institutions involved in Africa-wide trade and investment Ladies and gentlemen, I greet you all.
I thank the organizers for having deemed if fit for me to say a few opening words on this important occasion of formal launch of the Trade Invest Africa (TIA) initiative as we map out the way to maximize opportunities from intra-Africa trade and investment.
2016 1312 1312
The creation of ECIC began 15 years ago in July 2001 when the Export Credit Insurance Corporation of South Africa LTD (ECIC), was given a mandate of filling a market gap through provision of medium to long term export credit and investment guarantees by underwriting bank loans for political and commercial risk insurance cover, on behalf of the South African government.
For more than forty years, up until 2001, all export reinsurance requirements fell to the Department of Trade and Industry and the Credit Guarantee Insurance Corporation of Africa Limited. When the private sector entered the export credit market, the short-term transaction market was amply catered for, but medium to long-term export transactions still had a need for a dedicated export credit agency, which was when the ECIC was established. Acting as an ‘insurer of last resort’, the ECIC steps in when commercial lenders are either unwilling to accept long-term risks or unable to. While the ECIC is part of a broader government policy it remains an independent limited liability company but with the government its sole shareholder and is enabled under the amended Export Credit and Foreign Investments Insurance Act of 1957.