NABA member of the month of February is Export Credit Norway. Our members and partners based in South Africa can meet a team fro Export Credit Norway from the 13th – 16th of February in Cape Town. The team will be available for meetings with potential clients, banks and borrowers. Export Credit Norway offers medium to long-term loans to African projects, companies and governments that choose Norwegian suppliers. In 2017, Export Credit Norway financed projects in South Africa, Cameroon and Gabon. The loans are guaranteed by the Norwegian Export Credit Guarantee Agency GIEK. Export Credit Norway and GIEK aim to support Norwegian exporters in Africa and now have a pipeline of potential projects and deliveries to be financed in multiple sectors and in all parts of the continent.
In this article you can read about how Export Credit Norway has granted the company GC Rieber Compact South Africa a EUR 2.2 million SMB-B loan to fund their recent expansion. Read more here.