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African Trade and Investment Development Insurance information


ATIDI (African Trade and Investment Development Insurance)
Formation2001; 23 years ago (2001)
TypeTreaty
PurposeMitigation of political, investment and commercial risks in Africa
HeadquartersKenya Re Towers, 5th Floor, Upper Hill, Nairobi, Kenya
Region
Africa
ProductsInvestment Risk Insurance
Political Risk Insurance
Trade Credit Insurance
Performance Bonds
Membership
21 African Countries
1 Non-African Country
11 Institutional Investors
Official language
English & French
Key people
Chief Executive Officer - Manuel Moses

Chief Underwriting Officer - Benjamin Mugisha Chief Financial Officer - Gladys Karuri General Counsel & Corporate Secretary - Linda Bwakira

Ag. Chief Risk Officer – Kefa Muga
Websitehttps://www.atidi.africa/

The African Trade and Investment Development Insurance (ATIDI) is an investment, trade and political risk-mitigation institution on the African continent intended to provide insurance against political and commercial risks in order to attract foreign direct investment to the region. ATIDI was founded in 2001 by seven COMESA countries, with technical and financial backing of The World Bank.[1]

ATIDI is Africa's only multilateral investment and credit insurer and as of 31 December 2022 it had supported trade and investments into Africa valued at over USD78 billion [2] since inception. ATIDI facilitates partnerships between African countries, lenders, investors, traders and insurers by providing Political (Investment) Risk Insurance to lenders and investors and also (Trade) Credit Insurance and Surety Bonds to commercial bank lenders and private sector traders of goods and services.

  1. ^ The Economist Magazine (9 August 2001). "Insuring Africa". The Economist. London, United Kingdom. Retrieved 1 September 2023.
  2. ^ 2018 Annual Report & Accounts (PDF). Nairobi, Kenya: ATI. 2019. p. 5.

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