Credit Line for the African Export-Import Bank

June 3, 2019

Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI, Chairman and CEO: Kazuhiko Bando) established an export credit line*1 for the African Export-Import Bank (hereinafter referred to as Afreximbank).

NEXI will provide loan insurance for the portion financed by a commercial bank (up to USD 120 million), which is a part of the export credit line (up to USD 300 million) set up between the Japan Bank for International Cooperation (JBIC) and Afreximbank on May 31, 2019. This aims to provide loans to African companies through Afreximbank, for their purchase of machinery, equipment and services needed for economic development from Japanese companies or Japanese overseas subsidiaries.

This is NEXI’s second export credit line established for the Afreximbank, following the first one set up in 2012.

As Japan’s export credit agency, NEXI will continue to actively support Japanese companies in their efforts to expand business in Africa in a wide range of business, including infrastructure development projects whose demand is increasing in Africa.

Contact: Power Group, Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7340

*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.