Last Updated November 07, 2008
Reformed Nigeria is drawing in the ECA crowd
Export credit agency (ECA) financing is enjoying a renaissance in Nigeria. Richard Hodder, director, Sub-Saharan Africa at HSBC Bank, reports on a growing pipeline of transactions.
The market for export credit agency (ECA)-supported finance in Nigeria has grown massively during the course of 2008. At present the project and export finance division of HSBC Bank is arranging loans with a combined value in excess of US$750mn and expects to sign 15 individual loans with Nigerian counter-parties with ECA support in 2008.
