UK Export Finance (UKEF) and Commonplace Chartered Financial institution help will permit the Senegalese authorities to strengthen its fireplace response providers and medical tools; Help unlocks over £35 million value of exports for UK corporations who will provide tools; Deal introduced throughout UKEF CEO Louis Taylor’s go to to Senegal to spice up commerce and financial cooperation between the 2 international locations.

A historic settlement has been agreed between UKEF and the Senegalese authorities to strengthen the nation’s fireplace response providers, in a deal that can bolster UK exports to the area.

UKEF has supported a £116.5 million mortgage from Commonplace Chartered utilizing a mixture of Purchaser Credit score and Direct Lending which will likely be used to buy fire-fighting and different life-saving emergency tools in Senegal.

That is the primary deal that UKEF has supported in Senegal and follows UKEF’s largest-ever deal in West Africa final 12 months, value over £200 million to help the development of six hospitals within the Côte d’Ivoire.

Mike Freer, UK Minister for Exports, stated:

“The UK can present a number one function in terms of exporting fireplace security tools. This deal demonstrates how British ingenuity can higher defend communities overseas and exhibits how the federal government can assist UK companies export their best-in-class tools and providers.”

UKEF can assist abroad patrons entry monetary help to make their initiatives occur, supplied they decide to sourcing items and providers from the UK. This helps open new doorways for world-class British suppliers to commerce abroad.

The lifesaving tools will make Senegal’s fireplace and medical providers higher armed to reply to emergencies. Because of the UKEF backing, over £34 million kilos value of products and supplies for the venture will come from UK suppliers. UK-made ambulances, fireplace vehicles, footwear for first responders and medical tools will likely be exported all through Senegal.

Louis Taylor, CEO of UK Export Finance, stated:

“Senegal is a singular marketplace for UK exporters to faucet into. I’ve seen for myself this week how the UK and Senegal can work collectively to unlock initiatives within the nation with our financing and open new commerce routes for UK corporations.”

Distributed by APO Group on behalf of UK Export Finance.