Etihad Credit score Insurance coverage (ECI), the UAE’s federal export credit score firm, has signed a Memorandum of Understanding (MOU) with the Republic of Chad to boost bilateral financial and commerce cooperation between the United Arab Emirates and the central African nation.
The signing happened through the UAE-Chad Commerce and Funding Discussion board in Abu Dhabi, which convened senior officers and authorities leaders from each nations, together with H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of International Commerce. The settlement was signed by H.E. Raja Al Mazrouei, Chief Government Officer of ECI, and H.E. Tahir Hamid Nguilin, Minister of Finance, Funds, Economic system, Planning and Worldwide Cooperation of the Republic of Chad.
H.E. Dr. Thani bin Ahmed Al Zeyoudi mentioned, “The UAE and the Republic of Chad share a longstanding relationship constructed on shared commerce and funding ties and a want for mutual prosperity. Within the first half of 2025, the worth of non-oil bilateral commerce reached US$2.4 billion, marking a big improve of 166% over the identical interval in 2024 – and greater than the US$2 billion we recorded in the entire of 2024. The signing of this settlement between ECI and the Republic of Chad marks one other milestone in our rising partnership, opening new avenues for financial collaboration throughout key sectors.”
“This settlement helps the UAE’s strategic imaginative and prescient to diversify its economic system and enhance world commerce, particularly with rising markets which have substantial potential for future development. The regular rise in UAE’s non-oil exports and re-exports throughout Africa highlights our success in fostering each commerce development and mutually useful partnerships. We’re dedicated to additional strengthening ties with our companions in Africa, driving development and prosperity via financial collaboration,” H.E. Al Zeyoudi added.
The MoU establishes a framework for mutual collaboration in commerce and funding promotion, aiming to strengthen financial ties and assist the expansion of exports and imports between the UAE and Chad. Each events will work collectively to boost commerce finance and insurance coverage options, enabling the personal sectors in each nations to discover new markets whereas mitigating the dangers related to cross-border commerce.
Commenting on the settlement, H.E. Raja Al Mazrouei mentioned, “This MoU with the Republic of Chad represents a big step in advancing ECI’s mission to empower UAE exporters and buyers by increasing entry to promising world markets. By this partnership, we purpose to facilitate commerce finance and insurance coverage options that de-risk cross-border transactions, encourage data trade, and assist joint initiatives that contribute to sustainable improvement.”
“This collaboration not solely reinforces the UAE’s management in selling commerce diversification but in addition underscores ECI’s function as a catalyst for financial development and resilience throughout Africa. Along with our counterparts within the Republic of Chad, we purpose to unlock new financing alternatives for sustainable, innovation-driven initiatives throughout precedence sectors equivalent to vitality, infrastructure, and digital transformation,” H.E. Raja added.
The areas of cooperation underneath the settlement embrace facilitating joint initiatives and data trade in export credit score, funding safety, and commerce threat administration, in addition to selling joint initiatives that assist sustainable improvement and financial diversification in each nations.
This collaboration underscores ECI’s ongoing efforts to assist the growth of the UAE’s world commerce partnerships, notably inside Africa, and aligns with the UAE’s imaginative and prescient to advertise South-South cooperation, financial development, and monetary innovation via commerce facilitation.
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