Cover facilities are available on a case-by-case basis.
Cover facilities are available on a case-by-case basis. In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions, as well as for fully internationally financed transactions.
For transactions with credit periods of less than 360 days with private buyers bank security is required if the foreign buyer’s creditworthiness is inadequate. For transactions with state-owned buyers with a contract value of less than EUR 500,000 bank security is also required if the foreign buyer’s creditworthiness is inadequate.
For transactions with public buyers with contract values of more than EUR 500,000 or credit periods exceeding 360 days a guarantee from the Ministry of Finance or the central bank must always be provided. For transactions with private buyers with credit periods exceeding 360 days security provided by a bank which will be accepted on a case by case basis is always required.
The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.
Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).
The most important GTAI country information on Africa can be found at a glance on the Africa Business Guide (German version, www.africa-business-guide.de).
You can find more detailed information on the G20 initiative „Compact with Africa“ (www.compactwithafrica.org).