Sub-Saharan Africa／NEXI Sets Credit Line for Exports to Eastern and Southern African Trade and Development Bank

Nippon Export and Investment Insurance (NEXI, Chairman and CEO: Kazuhiko Bando) has set up a export credit line for Eastern and Southern African Trade and Development Bank (“TDB”).

Consequently, NEXI will cover a partial portion (ceiling: USD 140 million) provided by commercial banks which is a part of total credit line (ceiling: USD 350 million) has set up between Japan Bank for International Cooperation (“JBIC”) and TDB on May 24, 2019. The financing through TDB will enable local enterprises conducting businesses mainly in Sub-Saharan Africa to purchase machineries and facilities which are necessary for their economic development, from Japanese or Japanese-affiliated companies.

This is the third export credit line arranged between NEXI and TDB, following the first one in 2007 and the second one in 2016.

As Japan’s export credit agency, NEXI will continue to support the business expansion of Japanese companies in the African market, in many areas including infrastructure development projects that are in greater demand in Africa.

Contact: Infrastructure Group, Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7674

^*1 Export credit line is a form of export financing in which a certain amount of credit limit is set up to promote export of Japanese goods and equipment.