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

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

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

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National Bicycles Company Limited

$0.71 million
Project Brief
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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.