RMB's Export Credit Agency (ECA) capabilities focus on extracting ECA benefits for sovereign, sub-sovereign, corporate and project finance (including but not limited to asset-backed finance, resource finance, Power and Energy; and Oil & Gas finance) clients seeking financing for cross-border capital projects.
ECA financings leverage the support of international governments seeking to promote exports of capital goods from their countries, which allows us to deliver more competitive financing terms to our clients. RMB’s ECA team has strong relationships with African and international ECAs, covering the import and export of capital to and from sub-Saharan Africa.
Our track record
RMB has led several landmark ECA financings across sub-Saharan Africa, including:
- Eskom: The €705m boiler financing for Eskom’s Kusile power station, backed by Euler Hermes of Germany.
- Comair: A R945m Comair aircraft financing, backed by US Exim.
- Azura: US$860 million World Bank (Miga and IBRD) supported Greenfield 450MW Open Cycle Gas Turbine Power Plant in Edo State, Nigeria (Received multiple industry awards).
- Cenpower: The 340MW Cenpower Kpone gas-fired IPP in Ghana, backed by the Export Credit Insurance Corporation of South Africa.
- Amandi: Amandi is a 200MW combined cycle dual-fired power project, located in the western region of Ghana with a total project cost of US$552`m. the USA Agency of the Overseas Private Investment Corporation provided support for the transaction (Received multiple industry awards).
- Nacala: The Nacala Corridor rail project in Mozambique, backed by the Export Credit Insurance Corporation of South Africa.
- NCP Alcohols: RMB acted as lender, export credit agency, hedging capital and working capital provider to NCP Alcohols which enabled the company to switch its raw material. The transaction is a Credendo-backed long-term finance (Received The Banker award).