Our mission is to provide export credit and investment insurance solutions in support of South African capital goods and services by applying best practice risk management principles. What projects are in ECIC South Africa’s pipeline for 2021 and beyond? There are currently two liquefied natural gas projects in Mozambique that have the Corporation quite excited, and we see them as playing a key role in taking Mozambique from being one of the world’s ‘least developed countries’ to one that is a middle-income country. There are also plenty of opportunities for South African companies bidding to play a role in the supply of core components or workstreams. The recent Beitbridge Border Post project focuses on the Zimbabwe side of the Border Post, which will enable significant rehabilitation of the infrastructure at this border post and efficient management of the movement of goods and people. ECIC is insuring debt facilities by South African banks and a number of investment policies for various South African investors. The Corporation has made a pivotal contribution in unlocking the South African financing and equity investment at one of the busiest border posts between South Africa and our neighbouring countries. The economic integration between South Africa and Zimbabwe cannot be overstated, and the anticipated positive impact of these developments on the people of these two countries and the region broadly is most welcome. The EDM project in Mozambique has since reached a financial close and the first disbursement has been unlocked to commence the important work to rehabilitate the electricity supply infrastructure in Maputo and the northern region of Mozambique. The major new investments taking place in northern Mozambique have necessitated the need to improve the reliability of the electricity supply to support increased levels of industrialisation and commerce. www. ceotodaymagaine . com CEO Today Af r i ca Award s 2021 - South Af r i ca - “ Our mission is to provide export credit and investment insurance solutions in support of South African capital goods and services by applying best practice risk management principles.
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