Etihad Credit Insurance (ECI) has signed a Memorandum of Understanding with the Republic of Chad to enhance economic and trade cooperation, reinforcing the UAE’s growing presence in African markets.
The agreement was formalized during the UAE-Chad Trade and Investment Forum in Abu Dhabi, attended by senior officials from both nations, including Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade. The MoU was signed by Raja Al Mazrouei, CEO of ECI, and Tahir Hamid Nguilin, Chad’s Minister of Finance, Budget, Economy, Planning, and International Cooperation.
Dr. Al Zeyoudi highlighted the strong trade momentum between the two countries, noting that non-oil bilateral trade reached US$2.4 billion in the first half of 2025—a 166 percent increase from the same period last year. He said the agreement marks “another milestone in our growing partnership,” aligning with the UAE’s strategy to diversify its economy and strengthen global trade with emerging markets.
Under the new framework, both parties will collaborate to promote trade and investment, improve access to export credit and insurance, and support private sector growth in both countries. The partnership also aims to foster joint projects across key sectors such as energy, infrastructure, and digital transformation.
Raja Al Mazrouei said the MoU represents “a significant step in advancing ECI’s mission to empower UAE exporters and investors by expanding access to promising global markets,” emphasizing its role in driving sustainable development and economic diversification.
The collaboration reflects the UAE’s broader goal of deepening South-South cooperation and reinforcing its position as a leading trade and investment partner across Africa.
News Source: Emirates News Agency
