Commercial Finance-Marketing to the African Marketplace
U.S. Export-Import Bank is committed to financing U.S. exports to many countries in Africa. There are big opportunities for U.S. companies to sell to South Africa in 2006 bought more than 12 billion dollars of U.S. exports. The market opportunities in Africa are ginormous. With a total market size of over 400 billion dollars and a population of over 680 million people, is the continent hungry for food, housing, energy, transportation, health products and services, and sanitation. Healthcare market is a tremendous need for quality pharmaceuticals. Counterfeit drugs are a problem in Africa. Moreover, quality health cares deficiencies. The big African market in the health needs of companies to make medicines and other medical products and consumer essential prevention and treatment of the distribution of products. In the telecommunications market is a great need for more mobile phone services. There is also a need for pre-paid test messaging services will eventually catch up Africa to the internet or computer revolution. The water market presents new opportunities as cities grow faster than the water infrastructure can expand. There is an urgent need for tools to combat pollution from industrialization, agricultural drainage and lack of sanitation is reduced. In these areas, high-tech inventions that are relatively cheap to clean water will lead to social and health benefits for millions of people. In national energy markets, Africa is a century behind the times. Petroleum is the main fuel for lighting. Firewood is the primary source of energy for cooking in urban and rural markets.
There is a tremendous need for solar powered LED lighting, high-tech home stoves and alternative clean tech energy sources. Export-Import bank in the U.S. is the official export credit agency of the United States. Their mission is to help finance the export of U.S. goods and services to international markets. They provide working capital guarantees to U.S. companies in terms of pre-export financing. They also offer export credit insurance and loan guarantees to facilitate transactions. They also provide funding for the buyer. A selected number of U. S Bank partner with Ex-Im Bank working capital loans, accounts receivable financing, bridge loans and long term financing. For more information on Ex-Im Bank visit their website. The bottom line: With a willing seller and an American credit-worthy African buyer, the U.S. Export-Import Bank keen to help exports to the major sub-Saharan Africa to facilitate the market.