EXPORT CREDIT INSURANCE WEBINAR
On 26th January 2022 EFLC hosted an Export Credit Insurance Webinar facilitated by Paul Mojalefa from ECIC. Paul holds a Bachelor of Commerce degree in Management Sciences as well as an Honors Degree in Econometrics from the University of Pretoria. As a deal originator at ECIC, he has 19 years’ experience in the areas of Financial Modelling, Project Finance, Public Private Partnerships, Debt Capital Markets, Telecoms Finance and ECAs.
This webinar formed a vital move for ECIC as the entity previously did not offer export credit insurance for Footwear and Leather members. However, SAFLEC the Export Council has been debating this with both ECIC and Government for a few years now. It was very welcomed that in June 2021 they were mandated by Government to include footwear and leather as well as SMMEs in the offerings. They are also now offering short term contracts which was not available in the past.
Paul covered what is required to get covered by ECIC and how to go about insuring an export order.