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To further ensure that African engineering, as well as infrastructure management and operating companies, such as telecom and power operators, hotel operators, port managers and specialized project companies (e.g. in oil) are put at near equal-footing in bidding for African businesses, the Bank also provides the following guarantee facilities to qualifying beneficiaries.

  • Bid bonds to assist such companies in bidding for large projects, operating licenses, prospecting licenses, etcetera, which require that bid bonds be issued;
  • Advance payment guarantees to enable such firms to receive advance payment from buyers for execution of large contracts; and
  • Performance guarantees to give assurance that the firms will execute contracts on terms agreed.

 

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