The Export Credit Guarantee Corporation of Zimbabwe (Pvt) Ltd (ECGC) says it is enhancing its credit operations at a time when Zimbabwe's economy is facing several challenges.
The EGGC is a private company whose primary mandate is to promote Zimbabwean exports.
A company spokesman said it was becoming very difficult for customers to settle their debts at the moment because of the various problems caused by economic hardships as well as the soaring inflation.
The country's inflation is around 400% but analysts predict it will reach around 1000% by year-end. "The ECGC provides export credit insurance cover to exporters, big and small, against non-receipt or delayed receipt of payments from foreign buyers resulting from commercial and non commercial risks," the spokesman said.
