Export Credit Guarantee Corp.
Last updated on 29 Feb 2024

Key facts


ECGC is a wholly owned subsidiary of the Reserve Bank of Zimbabwe and is a duly registered short-term insurer.

6 Earls Rd, Alexandra Park
Harare
Zimbabwe

+263 867 700 8110

www.ecgc.co.zw
PUBLIC
1999
Credit rating (sovereign) (S&P)
N/A
Foreign currency

Berne Union

Country trade data


2021 top export sectors

Stone and glass
33%
Metals
26%
Minerals
19%
Food products
15%
Textiles and clothing
2%

2022 export destinations

Africa

49 %

Asia

44 %

Europe

6 %

Americas

1 %

Financing modalities


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Products


  • Protects Zimbabwe’s exporters from losses that may arise from a variety of commercial and political risks in export transactions
  • Risks covered:
    • Commercial: Insolvency of the buyer, his protracted default and non-acceptance of exported goods and insolvency and protracted default of the L/C-issuing bank
    • Political: War, civil disturbance, moratorium, imposition of new import or exchange control regulations, transfer delays
  • Domestic payments insurance: Covers buyer insolvency and protracted default are the commercial risks covered under the policy
  • Construction bonds: Bid bonds, performance bonds, retention bonds, advance payment bonds, and maintenance bonds
  • Customs bonds
  • MSME credit guarantee scheme: Guarantees of bank loans to private-sector companies
  • General insurance products, including home, auto, marine, golfers, and personal accident
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