ECI bolsters African presence with 3 new partnerships in EthiopiaBy Delisha FernandesToday Etihad Credit InsuranceExportsFinancial Institutions ShareEtihad Credit Insurance (ECI), a UAE’s federal export credit company, has entered into strategic agreements with Ethiopian financial institutions, fortifying its presence across the African continent. Reaffirming its commitment to secure UAE exports and investments, ECI has formalized MOUs with the Commercial Bank of Ethiopia, the country’s renowned financial institution; the state-owned Development Bank of Ethiopia; and the Ethiopian Insurance Company, the primary insurance solutions provider in the nation. Raja Al Mazrouei, CEO of Etihad Credit Insurance, stated, “The signing of three pivotal MOUs with Ethiopia’s key banking and insurance companies aim to solidify our trade bridges with one of Africa’s key markets. This will not only enhance commercial prosperity and elevate the competitiveness of our national exports but also offer comprehensive insurance solutions to protect and empower the UAE businesses in their international market expansion. ECI’s partnerships with Ethiopia’s premier banks and insurance entities reinforce our bilateral trade relations and set the stage for untapped investment opportunities.”

Source: Ethiopian News August 25, 2023 06:27 UTC