There are no formal restrictions on cover.
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.
For transactions with credit periods of less than 360 days collateral is not normally required.
As a rule, guarantees from the Ministry of Finance or the central bank are required for medium/long-term transactions with public buyers.
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).