Export Credit Guarantee Company of Egypt
Last updated on 16 Feb 2024

Key facts


A private entity majority-owned by the Export Development Bank of Egypt. ECGE is the country's ECA supporting exporters with trade finance solutions.

5 El Nasr Road, Nasr City
Cairo, 11371
Egypt

+202 2263 6740

www.ege-eg.com
PRIVATE
1992
Credit rating (sovereign) (Fitch)
B-
B-
Foreign currency
Local currency

Berne Union

Country trade data


2021 top export sectors

Fuels
32%
Chemicals
10%
Vegetable products
10%
Metals
9%
Textiles and clothing
9%

2022 export destinations

Asia

41 %

Europe

40 %

Africa

11 %

Americas

8 %

Products


  • Insures Egyptian exporters and foreign exporters with Egyptian ownership against non-payment as well as lenders
    • Also may be used to insure intra-company sales, local sales, and imports of strategic and capital goods for industrialization
  • Cover: Commercial and political risks
    • Political risk-only coverage only available post-shipment
  • Bank guarantees in respect of exports with Egyptian origin, exports of Egyptian owned entities abroad, and imports of strategic and capital goods for industrialization
  • Cover: Commercial and political risks
  • Export factoring: Finance, protection, and collection through the purchase of export sales invoices without recourse to exporter
  • Import factoring: Issue guarantees on Egyptian importers to facilitate importation through open account transactions without cash collateral or bank guarantees
  • ECGE monitors and recovers overdue accounts for Egyptian exporters through a network of overseas debt collector partners
  • Political risk insurance for Egyptian owned companies investing abroad and foreign companies investing in Egypt
  • Contract frustration guarantee insures receivables in respect of offf-take agreements with the public and private entities, equipment finance, project finance, and unfair calling of bonds
  • Other products include microfinance guarantee, leasing guarantee, consumer finance guarantee, LC guarantee, fair calling of bonding guarantee, and SME guarantee

Policies


  • Factors Chain International member
  • Aman Union member

News


  • 2023: The Egyptian parliament approved the launch of the Egyptian Export and Investment Guarantee Agency (EEIGA), a new ECA
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