UK export credit agency chief to explore business in Zambia

A senior representative from United Kingdom Export Finance (UKEF) will visit Zambia to share information about UKEF and to determine how best it can support UK business and potential investors in Zambia, says acting British High Commissioner  to Zambia Lucy Joyce.

Ms Joyce said Mr. Sam Hoexter was the UKEF’s regional head for Sub-Saharan Africa, Latin America and India and will be in Zambia from December  9 – 11. And Mr Hoexter said: “I am delighted that United Kingdom Export Finance is visiting Zambia.  The trip embodies UKEF’s desire to learn more about Zambia and the tremendous efforts made by the Government and private sector to develop opportunities that continue to grow the economy.

‘‘It also demonstrates increased interest among UK companies to do business with Zambia

“UKEF is already supporting trade and development in other countries in Africa and is keen to extend its products and services to Zambia.  I am happy that the UK government continues to support Zambia on her path to economic development,” he said

UKEF is the United Kingdom’s official export credit agency offering long term government guaranteed finance.

As a result, UKEF loans benefit from the UK government’s near AAA rating and translate into market competitive rates.

Governments and businesses importing goods and services from the UK stand to benefit from UKEF’s product portfolio

As part of UKEF’s £3 billion direct lending facility, special credit terms are given to (amongst others) renewable energy projects, water projects, rail infrastructure with repayment terms of up to 18 years.  Public Private Partnerships were also considered