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Credit Insurance Group seeks expanded role

ECIC has been featured in Business Day.

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.


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Energy Security Key for Prosperous Copper Mines

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.


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Export Credit Finance Key to International Project Development (ECIC and AVID)

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.


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ECIC featured on SAFM with John Omollo

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.


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Provincial KZN Manufacturing Indaba 2016

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.


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ECIC featured on Power FM

Int: Chief Economist : Export Credit Insurance Corporation : Tshidiso Disenyana


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ECIC was mentioned in the Beeld Newspaper and Netwerk24 on the underwriting of the Cenpower project in Ghana

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.


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ECIC featured in the Beeld

ECIC was mentioned in the Beeld Newspaper as well as Netwerk24 this morning, with regard to the underwriting of the Cenpower project in Ghana.


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Trade Invest Africa and DTI Opening address by ECIC CEO Kutoane Kutoane

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.


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ECIC plays a pivotal role in Sub-Saharan Africa with 15 years of Project Export Excellence

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.


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