Ex-Im Bank renews Africa insurance program

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Monday, April 30, 2012

The U.S. Export-Import Bank on Friday announced a three-year renewal of its Short-Term Africa Initiative (STAI) that provides export-credit insurance for U.S. exporters selling to 18 countries in sub-Saharan Africa, up to a program limit of $100 million. The initiative is renewed through March 31, 2015. The bank also anticipates expanding the availability of its export financing in three sub-Saharan African countries: Cameroon, Ethiopia and Tanzania. Ex-Im Bank's boar...

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