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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Tanzania

National Bicycles Company Limited

$0.71 million
Manufacturing
Project Brief
Not Active
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In its first guarantee contract issued to an Indian investor, MIGA issued $714,286 in coverage for Avon Cycles Limited (India) for its $1.8 million investment in the privatization and expansion of a bicycle manufacturing plant in Dar-es-Salaam. MIGA insurance covers Avon's investment against the risk of war and civil disturbance.

The project, National Bicycles Company Limited (Nabico), a joint venture with a British holding company, is the only producer of bicycles in Tanzania. The project enterprise will modernize Nabico's production line to reduce operating costs and increase profitability.

twitteremail