Misr Insurance, two Egypt state lenders in talks for Africa export cover

Egypt’s Misr Insurance Holding says it is in talks with two state-run banks to provide insurance coverage for Egyptian exporters to African markets.

“This follows the group’s strategy to promote Egyptian exports to foreign markets as well as to remove obstacles facing exporters as some countries require having an insurance policy on imported goods,” chairman and managing director Basel El Hini said on Saturday.

Misr Insurance Holding and its affiliate also seek to tap into African markets whether by having actual presence there or boosting its turnovers from reinsurance agreements in these countries, Basel El Hini further told Amwal Al Ghad.