FEBIS Welcomes CAGEX as a New Member!

FEBIS is pleased to welcome CAGEX (Algerian Credit Insurance and Export Guarantee Company) as a new member.

CAGEX specializes in Credit Insurance, Business Information Reports, and Debt Collection. It plays a crucial role in supporting Algerian exports by providing credit insurance and risk management solutions to businesses operating in both domestic and international markets. Owned by the Algerian State with a shareholder capital of 10 billion DZD, CAGEX’s capital is distributed among the country’s five leading public banks, the top five public insurance companies, and the public treasury. CAGEX is entrusted with insuring commercial risks under state supervision, as well as political risks, non-transfer risks, and natural disaster risks on behalf of the Algerian state.

CAGEX’s core mission is to promote and encourage Algerian exports beyond hydrocarbons by offering credit insurance solutions that safeguard transactions and strengthen business confidence. Through its services and its important Database information, risk assessments, and ongoing credit risk monitoring for all buyers, CAGEX ensures that economic operators can trade internationally with greater security and stability.

We are delighted to have CAGEX as part of our network and look forward to fostering collaboration within the FEBIS community.

Source: FEBIS/CAGEX