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Free-of-charge advice on financing in Southern Africa

17.04.2013  14:28
The Ministry of Foreign Affairs and the Ministry of Business and Growth launched a new consulting service on April 1st. This addition to our suite of services is created for Danish exporters and aimed at assisting them to secure financing for their exports.

Danish companies and their customers often require more knowledge of the financing options available to them from Denmark, as well as locally and internationally. This applies in particular to small and medium-sized enterprises. Consequently, Danish companies can be left worse off than their foreign competitors with regards to financing of export- and investment projects. The right financing is a key competitive factor for Danish businesses, especially in relation to exports to emerging markets such as Southern Africa.

Therefore, the government is now strengthening companies’ access to knowledge and advice regarding financing options in connection with Danish export and investments abroad. As part of the government's growth market strategy, the Trade Council and the Export Credit Agency (EKF) have established a joint advisory service to support Danish export companies. It gives businesses a unique opportunity to gain knowledge of and access to financing in their Sub-Saharan business ventures.

The new advisory service aims to provide better advice on financing options, minimize risk, and increase the gain for Danish exporters. The main task is to provide the companies with information about all the financial instruments that are relevant and available in Southern Africa. This could e.g. be EKF's clean tech guarantees, local African grants for innovative investment, rules on tax exemption, and attractive loans from local African financial sources for investment in renewable energy.

Exporters can contact the newly appointed financial advisor for Southern Africa, Elís Ingi Benediktsson. He is ready to assist Danish companies and their customers to identify relevant financial solutions within export credit, credit insurance, business aid, multilateral sourcELISes, and investment guarantees. This applies to both private and state financing solutions, together with local and international financing options.

Mr. Benediktsson is a member of the Trade Department at the Danish Embassy in Pretoria and has several years of experience within international business development and business analysis. The consulting is aimed at all Danish export companies, whether they are already present in or interested in doing business within Southern Africa. To start with, the financing advisory service will be provided free of charge. 

Elís Ingi Benediktsson is the newly appointed financial advisor. He assists Danish companies with export financing in Southern Africa.

 

For more information, please contact:

Elís Ingi Benediktsson

Embassy of Denmark in Pretoria

Tel: +27 (0)12 430 9359

E-mail: elbene@um.dk

 



Embassy of Denmark

iParioli Office Park, Block B2
1166 Park Street
Hatfield 0083
Pretoria 

Phone +27 (0) 12 430 9340

pryamb@um.dk