Egypt moves closer to setting up risk assurance company to protect Africa exporters

A proposal to set up a risk assurance company to protect exporters doing business in Africa has been completed and will be presented to the central bank’s board of directors in the coming days, CBE African affairs advisor Naglaa El Nozahie told the local press. The CBE will be the main shareholder in the company, which was announced in July to support exports into Africa as part of Egypt’s strategy to improve its trade position.