Home Business Exporters to get Dubai cover for defaulted pay

Exporters to get Dubai cover for defaulted pay

avocado processing, export processing, agriculture
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Nation | by Otiato Guguyu


Kenyan fresh produce exporters and traders will gain access to Dubai’s export insurance provider to cover for losses where buyers default on already exported goods.

Etihad Credit Insurance (ECI) UAE Federal export credit company will offer local exporters up to $200,000 (Sh21 million) insurance for up to five months.

Fresh produce traders have been raising concerns and even blacklisted buyers over non-payment for orders prompting a Kenyan trade lobby to look for a way of unlocking the impasse…

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