Tuesday, April 6, 2010

Africa: Bank to Offer Political Risk Cover/TradeInvest Africa (Cape Town)

The African Development Bank (AfDB) is set to unveil a political risk guarantee scheme that will protect private investors in Africa.
The scheme is expected to boost investors' confidence to invest and drive economic growth in the continent, according to a report in Business Daily.
Potential investors reportedly avoid entering into African economies due to political instability.
AfDB's scheme is expected to provide additional support to economies which are recovering from the effect of the global economic crisis.
The bank is also supporting infrastructural development projects aimed at enhancing trade in African regional trading blocs.
Other organisations offering political risks cover to businesses in Africa include the Africa Trade Insurance Agency (ATI) and World Bank's Multilateral Insurance Guarantee Agreement (MIGA).

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