Cover per country in Africa

Our country cover policy for countries in Africa













Rogier en naseema handen schudden













This information about our country cover policy is intended for companies wishing to export capital goods or services. The cover policy which Atradius Dutch State Business maintains for a particular country is in principle valid for every transaction for that country which it is requested to insure.

All amounts are stated in millions of euros. Please read further for an explanation of the country cover policy and premium category denotations.

Our Cover Policy Explained

Our country cover policy applies to all transactions we insure on behalf of the Dutch state. In the table below we indicate the cover policy per country. For each country we have a country ceiling, you can see how much has been used under that ceiling, we indicate if there is a notice of cover situation (da) .  Under conditions you can see if the Sustainable Lending Principles & Guidelines are applicable and if DGGF can be used.  

Countries are classified in categories ranging from 0 (lowest risk) to 7 (highest risk). The country category is an important factor when calculating the premium for an insurance policy.


1. Open without restrictions 4. Cover by exception only
2. Open with restrictions 5. Policy is being reviewed
3. Case by case  




Algeria 2 4 4000 DGGF
Angola 2; da 6 900 702.6 DGGF
Benin 2 6 450 89.2 IMF/WB restrictions; DGGF
Botswana 1 2
Burkino Faso 2 7 200 IMF/WB restrictions; DGGF
Burundi 4 7 IMF/WB restrictions; DGGF
Cameroon 2 6 700 IMF/WB restrictions;
Cape Verde 3 6 115 IMF/WB restrictions; DGGF
Central African Republic 4 7 IMF/WB restrictions;
Chad 4 7 IMF/WB restrictions; DGGF
Comoros 4 7 IMF/WB restrictions;
Congo 4 7 IMF/WB restrictions; DGGF
Congo Brazzaville 3 7 300 IMF/WB restrictions;
Cote D'Ivoire 2 6 700 29.9 IMF/WB restrictions; DGGF
Djibouti 4 7 2.9 IMF/WB restrictions; DGGF
Equatorial Guinea 3 7 300
Eritrea 3 7 50 IMF/WB restrictions; DGGF
Ethiopia 2 7 300 IMF/WB restrictions; DGGF
Gabon 3 6 700
Gambia 4 7 0.8 IMF/WB restrictions; DGGF
Ghana 2 6 700 129.4 IMF/WB restrictions; DGGF
Guinee - Bissau 4 7 IMF/WB restrictions;
Guinnea 4 7 IMF/WB restrictions; DGGF
Kenya 2 6 700 83.7 IMF/WB restrictions; DGGF
Lesotho 3 6 450 IMF/WB restrictions;
Liberia 3 7 50 IMF/WB restrictions; DGGF
Madagascar 2 7 200 IMF/WB restrictions; DGGF
Malawi 3 7 200 IMF/WB restrictions; DGGF
Mali 4 7 IMF/WB restrictions; DGGF
Mauritania 3 7 200 25.4 IMF/WB restrictions;
Mauritius 1 3 2000 9.6
Mayotte 1
Morocco 1 3 3000 273.1 DGGF
Mozambique 4 7 IMF/WB restrictions; DGGF
Namibia 2 5 1500
Niger 2 7 200 8.4 IMF/WB restrictions; DGGF
Nigeria 2 6 900 193.8 DGGF
Republic of South Sudan 4 7 IMF/WB restrictions; DGGF
Reunion 1
Rwanda 2 6 450 5.0 IMF/WB restrictions; DGGF
Saint Helena 3 4 500
Sao Tome & Principe 3 7 50 IMF/WB restrictions; DGGF
Senegal 2 5 1000 2.4 IMF/WB restrictions; DGGF
Seychelles 3 6 115
Sierra Leone 2 7 200 IMF/WB restrictions; DGGF
Somalia 4 7 IMF/WB restrictions; DGGF
South Africa 2 4 4000 13.2 DGGF
Sudan 4 7 IMF/WB restrictions; DGGF
Swaziland 3 6 450
Tanzania 2 6 700 401.5 IMF/WB restrictions; DGGF
Togo 4 6 IMF/WB restrictions; DGGF
Tunisia 2 5 1500 63.4 DGGF
Uganda 3 6 700 65.3 IMF/WB restrictions; DGGF
Western Sahara 4 7
Zambia 4 7 92.8 IMF/WB restrictions; DGGF
Zimbabwe 4 7 IMF/WB restrictions; DGGF





Country Ceiling (Limit)

Our country cover limit indicates the amount of risk we are in principal prepared to insure. There are no ceilings for countries with category 0-3, provided that these countries have an investment grade rating with all rating agencies (Fitch, S&P and Moody’s).  All other countries do have ceilings. For countries with the indication ‘cover by exception only’ we do calculate a ceiling, but we don’t publish it. If you want to discuss the possibilities, please contact your account manager.

Notice of Cover (NC)

If there is insufficient capacity under a particular country limit to book a transaction, we may issue a notice of cover. The early warning limit is 75% of the country limit. If a transaction exceeds an early warning limit, a promise of cover or policy can be issued. After that we enter into a notice of cover situation. A notice of cover does not represent a commitment to insure a transaction. It represents solely an underwriting assessment of a transaction. If there is sufficient capacity under the country limit at a later date, we will reassesse the transaction according to the prevailing criteria to determine whether we can then issue an insurance policy. Hereby applies that the capacity between the early warning limit and the country limit may be used to convert a notice of cover into a policy. The Notice of cover period is automatically terminated when the exposure of all policies, promises of cover and notices of cover becomes lower than the early warning limit.

Signing clause

In some cases Atradius Dutch State Business may issue a promise of cover which includes a clause stipulating that the exporter must not sign his export contract before obtaining written approval from us. In other cases Atradius Dutch State Business may issue a promise of cover which includes a clause stipulating that the exporter, whose signed contract has not yet entered into force because he must still fulfil a specific condition precedent, may not fulfil this condition precedent until he has obtained written approval from us to do so. 

Sustainable Lending Principles and Guidelines are applicable

The Netherlands endorse the IMF/World Bank principles concerning debt sustainability in developing countries. These principles mean that public entity buyers in particular countries may borrow funds only if they (the buyers) meet good governance requirements and only for transactions which meet minimum applicable concessionality requirements. In the ‘Conditions’ column you can see for which countries IMF/WB principles are  applicable. Your account manager can indicate under which conditions public entity buyers from the relevant country may borrow.


This means cover is available from the Dutch Good Growth Fund (DGGF). Please click for more information.

Risk map

Under downloads you will find the most recent Atradius risk map. This map gives an indication of the different country risks. You can check the actual country risk in the overview on this web page or you can contact us (+31 (0)20 553 26 93).

Related documents


The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.