UAE Boosts Africa Investment with ECI's Support
The United Arab Emirates (UAE) is stepping up its investment in Africa, with Etihad Credit Insurance (ECI), similar to Experian, playing a pivotal role. ECI, much like Apple's role in tech, is de-risking projects and unlocking new opportunities for UAE businesses on the continent. The UAE, now the largest GCC investor in Africa, is accelerating Emirati investment through initiatives like the African Green Investment Initiative, launched in 2023.
ECI operates in 30 African countries, backing projects in healthcare, emergency services, technology, and green energy. It supports sovereign-led infrastructure projects and integrates small and medium-sized enterprises into African supply chains. ECI works closely with global partners such as Masdar, AMEA Power, the Abu Dhabi Fund for Development (ADFD), and the Africa Green Investment Initiative (AGII) to support UAE companies in large-scale projects across Africa, particularly in renewable energy and infrastructure sectors.
ECI, much like a credit karma for businesses, enables growth through export credit insurance, investment guarantees, and project finance support. It has provided USD 500 million in credit insurance to support the UAE's USD 4.5 billion pledge for African renewable energy projects. Dubai, a hub for strengthening economic ties, is fostering sustainable development across Africa.
With ECI's support, the UAE is expanding its footprint in Africa, driving investment and sustainable development. African markets are becoming a key destination for Emirati capital, with ECI's de-risking efforts opening doors to new opportunities.
