Addis Ababa, Ethiopia: Etihad Credit Insurance (ECI), the UAE's federal export credit company, has entered into strategic agreements with leading Ethiopian financial institutions, fortifying its presence across the African continent. ECI's partnerships in Ethiopia seek to amplify UAE's non-oil trade within Africa, unlock trade and investment opportunities, and introduce innovative insurance solutions to protect UAE businesses and ensure a continuous flow of investments and trade into Ethiopia and the wider continent. This synergy resonates with the UAE's strategic objectives of augmenting non-oil exports and underscores our commitment to Ethiopia and Africa, ensuring economic prosperity for all." In 2022, ECI played a pivotal role in supporting the UAE non-oil trade, which achieved record growth that exceeded AED2.2 trillion by year's end. The company's strategic initiatives included the value of non-oil insured turnover of AED14.4 billion and underwritten exposure worth AED8.1 billion.

Source: Ethiopian News August 19, 2023 19:49 UTC