Page updated 8 Feb 2017

The following list of countries and territories in Africa shows their country risk classification and NZECO's indicative level of cover. The country policy applies primarily to NZECO's Short-Term Trade Credit and Export Credit Guarantee products.

Country Information

Country Risk Rating Cover Status
Algeria 4 Limited Cover
Angola 6 Limited Cover
Benin 6 Limited Cover
Botswana 2 On Cover
Cameroon 6 Limited Cover
Cape Verde 6 Limited Cover
Chad 7 Off Cover
Congo, Dem. Rep 7 Off Cover
Côte d'Ivoire 6 Limited Cover
Djibouti 7 Limited Cover
Egypt 6 Limited Cover
Ethiopia 7 Limited Cover
Gabon 5 Limited Cover
Ghana 6 Limited Cover
Guinea 7 Off Cover
Kenya 6 Limited Cover
Lesotho 5 Limited Cover
Liberia 7 Limited Cover
Libya 7 Off Cover
Madagascar 7 Limited Cover
Malawi 7 Off Cover
Mali 7 Limited Cover
Mauritius 3 On Cover
Morocco 3 On Cover
Mozambique 6 Limited Cover
Namibia 4 On Cover
Niger 7 Limited Cover
Nigeria 6 Limited Cover
Rwanda 6 Limited Cover
Senegal 6 Limited Cover
Seychelles 6 Limited Cover
Sierra Leone 7 Limited Cover
Somalia  7 Off Cover
South Africa
4 On Cover
Sudan 7 Limited Cover
Swaziland 6 Limited Cover
Tanzania 6 Limited Cover
Togo 6 Limited Cover
Tunisia 5 On Cover
Uganda 6 Limited Cover
Zambia 6 Limited Cover
Zimbabwe 7 Off Cover

This Country Cover information describes the Export Credit Office's guiding cover-policy at the time of issue. The information does not necessarily reflect the present possibilities for cover. Before acting on the background of this material, the company/bank is requested to obtain further information from NZECO. If a country is not on the list, contact us.

Risk Rating
Each country is rated by the OECD on a scale from 0 to 7; with 0 for low financial risk and 7 for high financial risk. Ratings may change.
Cover Ratings
On Cover
NZECO is open for cover across the range of private and public buyers, subject to NZECO’s standard underwriting criteria for each transaction.
Limited Cover
NZECO is open for cover although this may be for a limited profile of buyers and/or only for transactions with shorter credit terms. NZECO may apply more stringent underwriting criteria and conditions of support. For example, any NZECO approval may require a higher level of risk sharing from the Insured and/or an extended claims waiting period.
Off Cover
With limited exceptions, we are off cover on all buyers in these countries.
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