This archive report was first published on 17 September 2019.
On September 17, 2019, Japan's Nippon Export and Investment Insurance (NEXI) partnered with the Islamic Development Bank (IsDB), Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC), and African Trade Insurance Agency (ATI) to boost trade in Africa.
The partnership aims to establish a cooperative framework to promote the setting up of projects in Africa, facilitating trade and investment between Japan and the continent.
As part of the agreement, NEXI will provide trade and investment insurance training programs for staff from IsDB, ICIEC, and ATI, which will enable them to create a supportive environment for Japanese companies.
NEXI and ATI will also establish a Japan desk in Nairobi, providing tailored risk mitigation support to Japanese companies and investors doing business in Africa.
According to NEXI, many African governments still face difficulties in borrowing money from commercial banks without official export credits support, despite the continent's strong demand for infrastructure.
