BECI To Roll Out Medium, Long-Term Credit Insurance
Monday, February 10, 2020
Cowell Habana PIC: PHATSIMO KAPENG
Just like the short-term export credit insurance, the medium and long-term credit insurance covers consist of both commercial and political risks.
Short-term risks are generally those where the credit terms are less than two years. Medium term risks are those between two and five years while long-term risks are in excess of five years up to 10 years. However, in case of certain projects such as power projects credit terms can easily span 18 years.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...