The African Trade & Investment Development Insurance (ATIDI) is an investment, trade and political risk-mitigation institution on the African continent intended to provide insurance against political (investment) and commercial risks in order to attract

foreign direct investment A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based i ...

to the region. ATIDI was founded in 2001 by seven

COMESA The Common Market for Eastern and Southern Africa (COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area whi ...

countries, with technical and financial backing of

The World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purposes of economic development. The World Bank is the collective name for the Internati ...

. ATIDI is Africa's only multilateral investment and credit insurer and as of 31 December 2023 it had supported trade and investments into Africa valued at over USD85 billion 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.

History

ATIDI was created in 2001 as African Trade Insurance Agency (ATI), to help drive much needed investment insurance

capacity Capacity or capacities may refer to: Mathematics, science, and engineering * Capacity of a container, closely related to the volume of the container * Capacity of a set, in Euclidean space, the total charge a set can hold while maintaining a giv ...

to Africa in order to support higher levels of foreign direct investments. Seven COMESA countries obtained a grant from the World Bank to conduct a study to look at factors contributing the low levels of FDI to their countries. The study revealed political risk to be the main constraint and the primary concern for prospective investors. The study expanded into a World Bank project (The Regional Trade Facilitation Project I) from which ATI was created. ATI was launched in 2001 in Kampala, Uganda and opened its doors in Nairobi, Kenya, ATIDI's headquarters.

Shareholders / Members

ATIDI has 24 African member states 1 non African Member State and 12 other corporate shareholders including the

African Development Bank The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. The AfDB is a financial provider to African governments and ...

, Trade Development Bank,

UK Export Finance The Export Credits Guarantee Department (ECGD), branded as UK Export Finance (UKEF), is the export credit agency and a ministerial department of the Government of the United Kingdom. In 1920, UKEF had a maximum total exposure of just £26 mi ...

(UKEF)
SACECESCEAfrica REKenya RE
Chubb

Nippon Export and Investment Insurance The , NEXI, is a Japanese insurance corporation owned by the Japanese government. The current organization was formed as an Independent Administrative Institution on April 1, 2001 under the jurisdiction of the Ministry of Economy, Trade and Indus ...

(NEXI) and

Atradius Atradius provides trade credit insurance, surety and collections services worldwide through a presence in more than 50 countries around the globe. It is the credit insurance arm of Grupo Catalana Occidente (GCO.MC). Credit insurance, bonding and ...

. Membership is open to all African Union member states, non-African states, private corporations, regional and international institutions. To learn about the benefits of membership visit https://www.atidi.africa/investor-relations/

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

became the first non-African member country to become a shareholder through its government-backed export credit agency,

ECGC ECGC Limited (Formerly Export Credit Guarantee Corporation of India Limited) is a government owned export credit agency of India. It is under the ownership of the Ministry of Commerce and Industry, Government of India, and is headquartered in Mu ...

Credit ratings

* S&P: Reaffirmed A/Stable (April 2024) *

Moody's Moody's Ratings, previously and still legally known as Moody's Investors Service and often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its histo ...

: Assigned A3/Positive (March 2023)

References

External links

ATIDI's official website
{{Authority control World Bank Group International finance institutions United Nations Development Group Organizations established in 2001 Organisations based in Nairobi Intergovernmental organizations established by treaty International organizations based in Africa Export credit agencies

History

Shareholders / Members

Credit ratings

See also

References

External links