{"id":12353,"date":"2016-04-04T12:49:19","date_gmt":"2016-04-04T12:49:19","guid":{"rendered":"https:\/\/www.atidi.africa\/uk-export-finance-unlocks-african-markets-for-uk-exporters\/"},"modified":"2016-04-04T12:49:19","modified_gmt":"2016-04-04T12:49:19","slug":"uk-export-finance-unlocks-african-markets-for-uk-exporters","status":"publish","type":"post","link":"https:\/\/www.atidi.africa\/ja\/uk-export-finance-unlocks-african-markets-for-uk-exporters\/","title":{"rendered":"UK Export Finance Unlocks African Markets for UK Exporters"},"content":{"rendered":"

Tuesday, 4 April\u00a0–\u00a0<\/strong>UK Export Finance, the UK\u2019s export credit agency, has become the newest member of the African Trade Insurance (ATI<\/a>) agency, offering UK exporters enhanced access to growing markets in Africa.<\/p>\n

UK Export Finance (UKEF) has today announced that it has joined ATI, the pan-African export credit agency (ECA). The move comes as the UK government looks to encourage more UK businesses to trade with African countries as part of the nation-wide Exporting is GREAT campaign.<\/p>\n

As an ATI member, UKEF will gain access to information about upcoming opportunities for exporters, as well as local knowledge of firms and projects. ATI will also provide a platform to raise awareness among project sponsors and buyers in African countries of the UKEF support available to importers of UK goods and services.<\/p>\n

UKEF will be able to share risk with other ATI-member countries in strategically important markets, increasing risk capacity for projects in African countries sourcing goods and services from the UK.<\/p>\n

Witnessing UKEF joining ATI, British High Commissioner to Kenya HE Nic Hailey said:<\/p>\n

\u2018The UK is a global leader in many of the sectors for which Kenya has greatest demand: infrastructure, advanced engineering, energy, ICT and defence and security. In these and other specialist areas, UK expertise can help accelerate Kenya\u2019s development and economic growth\u2019<\/p>\n

Louis Taylor, UKEF Chief Executive Officer, said:
\n\u2018UKEF\u2019s ATI membership will help UK exporters unlock fast-growing markets in Africa. We will be able to offer even more comprehensive support to help UK companies win contracts in African countries, combining access to export finance with access to the local knowledge needed to enter new markets.\u2019<\/p>\n

George Otieno, Chief Executive Officer of ATI, welcomed UKEF\u2019s membership, saying:
\n\u2018A close partnership between ATI and UKEF will give African buyers and UK suppliers access to each other. UKEF and ATI will be able to identify and promote real business opportunities where UK and African companies can work together, and to provide the local market knowledge needed to facilitate trade.\u2019<\/p>\n

\u2013 ENDS \u2013
\nNotes for Editors<\/p>\n

1. UK Export Finance \u2013 https:\/\/www.gov.uk\/government\/organisations\/uk-export-finance \u2013 is the UK\u2019s export credit agency. It exists to ensure that no viable UK export should fail for want of finance or insurance by complementing the private market with insurance for exporters, loan guarantees to banks, and support for and provision of loans to overseas buyers of UK goods and services.<\/p>\n

2. Sectors in which UKEF has supported exports include: aerospace, construction, oil and gas, mining and metals, petrochemicals, telecommunications, and transport<\/a>.<\/p>\n

3. UKEF has a regional network of 24 export finance advisers supporting export businesses: https:\/\/www.gov.uk\/government\/publications\/uk-regional-export-finance-advisors<\/p>\n

4. UKEF supports exporters with a range of products that include:
\n\u2022 Bond insurance policy
\n\u2022 Bond support scheme
\n\u2022 Buyer & supplier credit financing facility
\n\u2022 Direct lending facility
\n\u2022 Export insurance policy
\n\u2022 Export refinancing facility
\n\u2022 Export working capital scheme
\n\u2022 Letter of credit guarantee scheme<\/p>\n

5. The latest information on UKEF\u2019s country cover positions can be found here: https:\/\/www.gov.uk\/guidance\/country-cover-policy-and-indicators<\/p>\n","protected":false},"excerpt":{"rendered":"

Tuesday, 4 April\u00a0–\u00a0UK Ex […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970],"tags":[],"class_list":["post-12353","post","type-post","status-publish","format-standard","hentry","category-970"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/comments?post=12353"}],"version-history":[{"count":0,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12353\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media?parent=12353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/categories?post=12353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/tags?post=12353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}