ECI Highlights Its Role In Enhancing Trade And Investment Opportunities Between UAE And Africa

Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), highlighted the increasing interest of Emirati investors in African markets. ECI is facilitating this growth through export credit insurance, investment guarantees, and project finance support. Al Mazrouei spoke at "Capital with Purpose – Financing Africa’s next chapter," part of The Africa Debate 2025 in Dubai, organised by the Ministry of Foreign Trade and Invest Africa.

The UAE and Africa are entering a new phase of globalisation focused on sustainable and diversified investments. This shift is driven by the 'Capital with Purpose' initiative, which aims to transform traditional trade and capital flows into a resilient, impact-driven investment model. This approach enhances global competitiveness and fosters a cycle of investment, job creation, and technology transfer.

ECI plays a crucial role in supporting this initiative by providing credit guarantees and risk mitigation solutions. As the UAE's federal export credit company, ECI enables higher-capital participation for large-scale projects needing significant upfront capital. These projects often focus on renewable energy, infrastructure, and digital transformation.

Currently operating in 30 African countries, ECI supports UAE SMEs integrating into continental supply chains while backing sovereign-led infrastructure projects. The company has secured deals in sectors like healthcare, emergency infrastructure, technology, and green energy. Collaborations with Export Credit Agencies (ECAs), Development Finance Institutions (DFIs), and private markets help co-create innovative solutions.

The session also discussed the UAE's initiatives for sustainable development in Africa, highlighting the "African Green Investment Initiative" (AGII). Announced at the Africa Climate Summit in Nairobi in September 2023, AGII is a multistakeholder partnership that combines resources and expertise to address climate finance challenges effectively.

During COP28, the UAE committed USD 4.5 billion to accelerate clean energy projects across Africa. In alignment with this commitment, ECI is providing USD 500 million in credit insurance to de-risk investments and unlock private capital. This move underscores ECI’s dedication to global sustainable development goals.

Strengthening UAE-Africa Economic Ties

The forum's second edition hosted by the UAE reflects its growing economic ties with African nations. As the largest investor from the GCC region in Africa, the UAE continues to strengthen these relationships through strategic initiatives like The Africa Debate 2025. Dubai hosted this event following ten successful editions held in London.

This collaborative effort between the Ministry of Foreign Trade and Invest Africa aims to promote trade and investment across the continent. By fostering partnerships and exploring new opportunities, both regions can benefit from shared growth and prosperity.

With inputs from WAM