Canada’s export credit agency sets up Africa-focused Joburg office

(Creamer Media, Johannesburg, 29 October 2015) Canada’s official trade finance agency, Export Development Canada (EDC), has formally established permanent offices in Johannesburg, from where it aims to facilitate $10-billion-worth of business between sub-Saharan African and Canadian companies over the coming five years. The export credit agency has already provided $7.4-billion in financial support to African firms purchasing goods and services from Canadian companies, including participation in a R6.99-billion rand-denominated loan facility for Bombardier Transportation, which has been awarded a contract to supply 240 electric locomotives to Transnet Freight Rail.