SACE commits 3 billion euros in North Africa
By the AFREEQUE newsroom, based on La Presse de Tunisie
Italy’s SACE carried out 6.7 billion euros of operations in Africa, including about 3 billion euros in North Africa, covering Tunisia, Egypt, Algeria and Morocco. Its chief executive Michele Pignotti presented the figures at an Italian parliamentary hearing, according to ANSA.
SACE, Italy’s export support agency, has committed about 3 billion euros in four North African countries, including Tunisia, Egypt, Algeria and Morocco. The figures were presented on Wednesday 28 October by Michele Pignotti, SACE’s chief executive, at a hearing before the Italian Chamber of Deputies devoted to monitoring the Mattei Plan for Africa, according to Italian news agency ANSA.
Across the African continent, SACE’s operations total 6.7 billion euros, including 4.9 billion euros in the 18 countries targeted by the Mattei Plan, an Italian strategy intended to strengthen economic relations and cooperation with Africa. Italian exports to the continent rose by 17.2% year on year in the first half of 2026, according to data presented at the hearing.
SACE insured Italian companies against the risk of non-payment linked to more than 1,000 export and investment contracts in these 18 countries. The agency, which is overseen by Italy’s Ministry of Economy and Finance, notably offers guarantees, insurance and financing to support Italian projects, from identifying opportunities to their implementation.
Among the mechanisms used is the ‘Push Strategy’, which guarantees financing granted to foreign partners by linking it to commitments to purchase Italian products and to business matchmaking initiatives. Operations in Ivory Coast and Angola were also cited at the hearing.
