Cover facilities are available for transactions with contract values of up to EUR 500,000.
Under wholeturnover policies cover is limited to EUR 2.5 million.
Cover facilities are available on a case-by-case basis for smaller transactions with private buyers and public buyers provided that they are established as private sector organizations and operate without recourse to public funds.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
If the foreign buyer’s creditworthiness is inadequate, bank security is required.
For transactions with public buyers a guarantee from the Ministry of Finance must be provided.
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).