Source: African Trade Insurance Agency (ATI) |

African Trade Insurance Agency (ATI)’s Transparency Tool Records ESCOM’s Impressive Payment Record to Malawi’s only Operational IPP

The payments have been collected and recorded by the Transparency Tool, a joint initiative of ATI and KfW

ESCOM, Malawi’s national power utility, made timely payments to the Ruo-Ndiza Hydroelectric power plant for 22,578 MWh of electricity supplied to the utility throughout 2020; The payments have been collected and recorded by the Transparency Tool, a joint initiative of ATI (www.ATI-aca.org) and KfW; This is the first report being…

African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

Africa expected to see a subdued economic recovery in 2022

Analysts noted that Africa is expected to see a subdued economic recovery in 2021 and not likely to reach 2019 growth levels till 2022

Ghana, Senegal & Uganda met virtually with international financial partners and risk analysts to discuss the most urgent risks and mitigation solutions at ATI’s (www.ATI-ACA.org) annual Roundtable; Analysts noted that Africa is expected to see a subdued economic recovery in 2021 and not likely to reach 2019 growth levels till…

African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

African Trade Insurance Agency (ATI) supports USD67m solar plant in Malawi to fill a critical energy gap

This is the 2nd renewable energy project supported by ATI’s Regional Liquidity Support Facility (RLSF), designed to cover the late-payment risks of publicly owned power utilities

COVID-19 has highlighted the extent of the critical energy gap in Africa, where diversification is needed to ensure more stable and broader energy access; Malawi’s USD67 million Nkhotakota Solar Power Plant, backed by an international consortium, is expected to set a regional standard and considerably reduce the country’s energy deficit;…

African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

Private sector investment in Benin, Burkina Faso, Chad and Senegal to accelerate following EIB insurance support

Agreements for EUR 60 million from EIB will enable the four countries to either become full members or increase their current participation in ATI before the year ends

Initiative to leverage around EUR 1 billion private sector investment in Western and Central African states; EIB agrees EUR 60m financing to unlock African Trade Insurance Agency (www.ATI-ACA.org) membership; Team Europe-Africa cooperation supporting economic resilience to COVID-19. Private sector investment in Benin, Burkina Faso, Chad and Senegal, will be strengthened…

African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

Chairman of the Board announces the appointment of Manuel Moses as new CEO

The Board of Directors also approved a few changes within the Management team

Mr. Manuel Moses, a veteran of the World Bank’s IFC, has been appointed the new Chief Executive Officer of ATI (http://www.ATI-aca.org). He will assume office on 1 November, 2020; In the interim, Ms. Toavina Ramamonjiarisoa, ATI’s Chief Financial Officer, will fill the position of Acting CEO; Mr. Benjamin Mugisha has…

African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

President Buhari finalises Nigeria’s membership in African Trade Insurance Agency (ATI)

Membership in ATI allows Nigeria to attract additional insurance capacity to help attract investments

Nigeria becomes a full member country at an opportune time. It joins ahead of others that are fast-tracking membership given the trade and investment insurance challenges during the COVID-19 pandemic and also recognizing the potential post pandemic opportunities. Nigeria contributed US$14.1 million to ATI’s (www.ATI-ACA.org) capital in 2019 with African Development…

Source: African Trade Insurance Agency (ATI) |

S&P Affirms A/Stable Outlook & Notes African Trade Insurance Agency (ATI)’s ‘Policy Importance’ to the Region

S&P Global Rating published its annual assessment of the ATI's performance reaffirming the company’s creditor rating of ‘A’ with a Stable Outlook (A/Stable)

ATI (www.ATI-ACA.org) projected to maintain its ‘policy importance’ to Africa despite COVID-19 related economic challenges in the region. Rationale for the rating included: robust equity growth to US$349 million; strong top-line growth in 2019 posting a 70% increase in the Gross Written Premium over 2018 and a 134% increase in…

Source: African Trade Insurance Agency (ATI) |

Joint Press Release: Togo becomes 18th African country shareholder in African Trade Insurance Agency (ATI)

Membership in ATI provides African countries with additional trade and investment insurance capacity and improves risk rating for sovereign debts

African countries fast-tracking membership to ATI (www.ATI-ACA.org) in response to expected trade and investment insurance capacity impact from COVID-19 Togo becomes 18th African country to join ATI, with a shareholding of US$12.5 million, through a concessional loan by the European Investment Bank (www.EIB.org); membership in ATI provides African countries with…

Source: African Trade Insurance Agency (ATI) |

European Investment Bank Expands Trade & Investment Insurance Benefits to West Africa

Agreements for intended financing signed at African Investment Forum

European Investment Bank supports expanded membership of Africa Trade Insurance Agency (http://www.ATI-ACA.org/); Availability of investment insurance to strengthen investment and reduce project financing costs; Agreements for intended financing signed at African Investment Forum. The European Investment Bank today formally agreed to support the membership expansion of the African Trade Insurance…

African Trade Insurance Agency (ATI)
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Source: African Trade Insurance Agency (ATI) |

African Trade Insurance Agency (ATI), Nippon Export and Investment Insurance (NEXI) & Japanese banks pave the way for more Japanese investments into Africa

ATI has a current pipeline of over US$1 Bn worth of transactions from Japanese banks

On the side lines of the Tokyo International Conference of Africa’s Development (TICAD7), ATI (http://www.ATI-ACA.org/) signed MoUs with Japan’s three largest banks and Nippon Export and Investment Insurance (NEXI), Japan’s export credit agency; ATI and NEXI announced at TICAD7 the launch of a Japan Desk to be based in ATI’s…