KUKE targets major investments across Africa

Poland’s state export credit insurer KUKE plans to support investment projects in Africa worth $10 billion over the next two years, Puls Biznesu reported Wednesday. The company is also considering taking minority stakes in African export credit agencies and financial institutions. Chief executive Janusz Władyczak said Polish businesses could benefit from growing investment demand across the continent, provided they understand local risks and financing requirements.

A proposed amendment to legislation governing Treasury guaranteed export insurance would allow KUKE to invest directly in foreign institutions. The insurer is examining stakes in two or three organizations with operations across Africa, with potential commitments of $10 million to $20 million each. KUKE said the value of African projects involving the agency exceeded $12 billion over three years. The investment proposals remain under consideration and depend on parliamentary approval of the legal changes.

(pb.pl)