About SACE,
SACE Meaning: South Australian Certificate of Education.
The SACE is an internationally recognized secondary school qualification that equips students with skills in literacy, numeracy, critical thinking, and problem-solving, preparing them for success in a global society.
SACE Group
A partner for Italian companies that export and grow in foreign markets. The SACE Group also supports the banking system to help companies access credit and investments.
Meanwhile For over 45 years, the SACE Group has supported Italian companies in exporting and expanding globally. It facilitates credit access, liquidity, and sustainable investments, especially under the Italian Green New Deal. With 14 offices worldwide also SACE builds local partnerships and promotes business with Italian firms. Managing €260 billion in insured operations, it serves over 55,000 companies, mainly SMEs, across 200 markets.
African Development Bank Group
AfDB, or the African Development Bank, is a multilateral institution dedicated to promoting the social and economic development of African nations. Its objectives include:
- Ending poverty
- Improving nutrition and food security
- Promoting sustainable agriculture
- Ensuring access to quality education
- Achieving gender equality
- Ensuring access to water and sanitation
- Ensuring access to modern energy
- Promoting economic growth and employment
- Building infrastructure
- Reducing inequality
Founded in 1963 in Khartoum, Sudan, the AfDB is headquartered in Abidjan, Côte d’Ivoire. It forms part of the African Development Bank Group, along with the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).
The president of AFDB
The Collaboration
The parties signed the agreement during the ongoing African Investment Forum 2024 Market Days in Rabat, Morocco.
The collaboration agreement, signed by Michal Ron of SACE and Hassatou N’Sele of the African Development Bank, was created under the “Mattei Plan” Task Force at the Italian Prime Minister’s Office.
The $6 billion Mattei Plan, announced by Italian Prime Minister Georgia Meloni in February, aims to strengthen economic ties, create an energy hub for Europe, and reduce African emigration. The Italian government and African Development Bank Group have planned joint initiatives to support its implementation.
Additionally, this initiative combines SACE’s products, including the Push Strategy and export credit insurance, with financial offerings from the African Development Bank. It will finance impactful projects in Africa and foster business opportunities between African and Italian companies.