Africa
This country information is intended for companies wishing to export. For each country there is a country policy in force which in principle applies to all transactions to be insured by Atradius Dutch State Business.
Our Cover Policy Explained
The policy applies to transactions insured on behalf of the Dutch state. The table below shows the country policy for each country. It includes the ceilings, utilization and whether there is a notice of cover situation (da). It also indicates whether the Sustainable Lending Principles & Guidelines apply and which countries are eligible for DGGF. Also listed are the country classes from 0 (very good risk) to 7 (poor risk). These categories are important for calculating the premium and country ceilings.
Amounts are listed in millions of euros. An explanation of the policy codes and premium class codes can be found below:
Countries in this category have no significant vulnerabilities. No restrictions are included in the country policy.
Countries in this category have vulnerabilities, which trigger restrictions.
Cover is possible on countries in this category only by exception. For example, an exception may be that manufacturing risk is covered while credit risk is externalized.
Policies are being reviewed for countries in this category. New country policies will be published in the near future.
No country policy has been established for this category. Usually these are countries of relatively small size for which applications for cover are rarely or never received. Cover options will be determined for each application basis.
COUNTRY
COVER
COUNTRY CATEGORY
COUNTRY CEILING
USED PER END SEPTEMBER 2025
CONDITIONS
Angola
2; da
6
1100
26.5
DGGF
Benin
2
6
830
43.1
IMF/WB restrictions; DGGF
Burkino Faso
3
7
360
IMF/WB restrictions; DGGF
Burundi
3
7
60
IMF/WB restrictions; DGGF
Cameroon
2
6
830
8.6
IMF/WB restrictions;
Cape Verde
5
5
315
IMF/WB restrictions; DGGF
Central African Republic
3
7
60
IMF/WB restrictions; DGGF
Chad
3
7
360
57.8
IMF/WB restrictions; DGGF
Comoros
3
7
60
IMF/WB restrictions;
Congo
3
7
360
IMF/WB restrictions; DGGF
Congo Brazzaville
3
7
360
IMF/WB restrictions; DGGF
Cote D'Ivoire
2
5
1850
627.5
IMF/WB restrictions; DGGF
Djibouti
2; da
7
60
86.7
IMF/WB restrictions; DGGF
Equatorial Guinea
3
7
360
Eritrea
5
7
60
IMF/WB restrictions; DGGF
Ethiopia
3
7
360
IMF/WB restrictions; DGGF
Gambia
3
7
60
IMF/WB restrictions; DGGF
Ghana
2
7
360
182.0
IMF/WB restrictions; DGGF
Guinee - Bissau
3
7
60
IMF/WB restrictions;
Guinnea
2
7
360
9.4
IMF/WB restrictions; DGGF
Kenya
2
7
360
33.3
IMF/WB restrictions; DGGF
Lesotho
5
6
550
IMF/WB restrictions;
Liberia
3
7
240
IMF/WB restrictions; DGGF
Madagascar
2
7
240
IMF/WB restrictions; DGGF
Malawi
3
7
240
IMF/WB restrictions; DGGF
Mali
3
7
360
IMF/WB restrictions; DGGF
Mauritania
2
7
240
IMF/WB restrictions;
Morocco
2
3
4800
28.8
DGGF
Mozambique
3; da
7
360
908.3
IMF/WB restrictions; DGGF
Niger
3
7
240
IMF/WB restrictions; DGGF
Nigeria
2
6
1100
68.2
DGGF
Republic of South Sudan
3
7
60
IMF/WB restrictions; DGGF
Rwanda
2
6
550
0.7
IMF/WB restrictions; DGGF
Sao Tome & Principe
3
7
60
IMF/WB restrictions; DGGF
Senegal
2
6
830
14.7
IMF/WB restrictions; DGGF
Sierra Leone
3
7
240
IMF/WB restrictions; DGGF
Somalia
3
7
60
IMF/WB restrictions; DGGF
South Africa
2
4
4800
32.8
DGGF
Sudan
3
7
360
IMF/WB restrictions; DGGF
Tanzania
2
6
830
71.2
IMF/WB restrictions; DGGF
Togo
2
6
550
IMF/WB restrictions; DGGF
Tunisia
2
7
360
15.3
DGGF
Uganda
2
6
830
11.6
IMF/WB restrictions; DGGF
Zambia
3
7
360
40.1
IMF/WB restrictions; DGGF
Zimbabwe
3
7
360
IMF/WB restrictions; DGGF
1 - Palestinian territory
2 - Palestinian territory
3 - area formally belongs to Syria, has been occupied by Israel since 1967.
Glossary
Country Ceiling
The country ceiling indicates the maximum amount up to which we are willing to offer insurance. No ceiling applies to countries in country class 0-3, provided these countries have an investment grade rating with all rating agencies (Fitch, S&P and Moody's). The box in the country ceiling column of the relevant country is then empty. Ceilings do apply to all other countries. Ceilings for countries with the indicaton 'cover by exception' cover are calculated but not published. The box in the relevant column is then also empty. If you would like to inquire about the possibilities, please contact your account manager.
Notice of cover (da)
If there is insufficient capacity under a particular country limit to book a transaction, we may issue a notice of cover. The signaling ceiling is set at 75% of the country ceiling (rounded in some cases). For a transaction that causes the signaling ceiling to be exceeded, a cover commitment or direct policy may 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 is only an underwriting assessment of a transaction. If capacity is available, policy issuance can possibly proceed. Here, the space between the signaling ceiling and the country ceiling may be used to convert cover recommendations into policies. The DA situation is automatically lifted if the bond of all policies, covera promises and cover recommendations falls below the signaling ceiling.
Sustainable Lending Principles and Guidelines apply
The Netherlands subscribes to the IMF/World Bank principles regarding the debt sustainability of developing countries. This means that government buyers in these countries are often allowed to take on new debt only under restrictive conditions. The 'Conditions' column indicates the countries for which this may be the case. For all matters for which the column indicates that the 'IMF/WB conditions' apply, please contact your account manager. He or she can then indicate the conditions under which government buyers are allowed to borrow in that country.
DGGF
Open for cover under the Dutch Good Growth Fund (DGGF). If this applies it will be indicated in the "Conditions" column. More information can be found on the DGGF page.
