Misr Holding in talks with state-run banks for coverage to exporters

Misr Insurance Holding Company (MIHC) is in talks with two state-run banks to cooperate with them to provide insurance coverage for exporters targeting African markets, Chairman and Managing Director Basel El Hini told Amwal Al Ghad. The move comes as a number of countries require insurance and many countries are also not granting Egyptian exporters letters of credit easily, El Hini said.