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Exporters to get Dubai cover for defaulted pay Wednesday March 10 2021 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. The Kenya National Chamber of Commerce and Industry (KNNCI) President Richard Ngatia said the deal was brokered during a benchmark visit hosted by Etihad Credit Insurance chief executive Massimo Falcioniand. An MoU will soon be signed to formalise the commitment of both parties.

United arab emiratesMassimo falcioniandRichard ngatiaKenya national chamberFresh producers consortium of kenyaPresident richard ngatiaEtihad credit insuranceProducers consortiumDubai exportsExports insuranceஒன்றுபட்டது அரபு அமீரகங்கள்கேந்ய தேசிய அறைபுதியது ப்ரொட்யூஸர்ஸ் கூட்டமைப்பு ஆஃப் கேந்யஎத்திஹத் கடன் காப்பீடுப்ரொட்யூஸர்ஸ் கூட்டமைப்புதுபாய் ஏற்றுமதிகள்