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This list represents a selection of ATI projects

Insurance Type:
Political Risk Insurance for Loans
Project:
Vegetable Oil Imports
Maximum Sum Insured:
$3.6 million

Under this unique deal, countries from two continents are working together to provide vegetable oil to Tanzania. A valuable commodity, vegetable oil is used in renewable energy products as well as for general domestic consumption in Tanzania. To cover this transaction, ATI has, in partnership with Lloyd's of London, provided Political Risk Insurance to a Netherlands based bank since 2004. The bank finances the purchase of vegetable oil, which will be sold to buyers in Tanzania.

This is the fourth policy renewal by the Netherlands based bank. ATI is proud of this partnership and the role it plays in facilitating the flow of a much needed commodity to a Member State.

Country:
Sector:
Manufacturing
Insurance Type:
Whole Turnover Credit Insurance
Project:
Textile Exports
Maximum Sum Insured:
$385,000

The textile industry in Tanzania plays a central role in the country's economy, supplying a broad tax revenue base and employing thousands of mostly women.

The trade liberalization policies of the late 80's weakened the domestic industry as higher quality and cheaper goods from other countries entered the local market. Many plants could not survive and some languished under improper maintenance. Today the industry is seeing a revitalisation. Under the government's Privatisation Policy, companies are focusing on export markets. And they are taking over and rehabilitating old textile plants.

To protect its export sales of cotton yarn to buyers in China, Columbia, Rwanda, Portugal and Italy, as well as protecting its investment in new machinery, a local Tanzanian company secured Whole Turnover Credit Risk Insurance from ATI. Though comparatively small, this project can have a major impact securing a vital industry against buyer default, a likely side effect of the global credit crunch.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Payment default by a sovereign obligor
Project:
Rural Electrification
Maximum Sum Insured:
$11 million

An international energy company obtained ATI cover to protect them against non-payment by the government, which issued the company a guarantee to reimburse any shortfall in tariff-based revenues for three years.  

The project will convert standard national gas to electricity – a more environmentally friendly alternative to the traditional hydro and diesel powered energy sources in the under-serviced South East region of the country. The project will also finance infrastructure, including the construction of a 27 kilometre pipeline and a gas-fired power plant that will transmit electricity to rural communities for the first time.

Country:
Sector:
Manufacturing
Insurance Type:
Non-payment or protracted default by a sovereign project sponsor and transfer restriction
Project:
Water supply improvement
Maximum Sum Insured:
$17.2 million

Access to potable water remains a challenge to Tanzania’s development goals. It is estimated that only 11% of households have to-the-door access to potable water while the balance of the population must travel from 15 to over 30 minutes to access water.  

This project provides reliable and safe water supply to a township of over one million people located in central Tanzania. ATI is providing insurance to the Mauritius based engineering firm to cover their contract against delays in payment and non-payment by the government ministry sponsoring the project in addition to the risk of transfer restriction.

Country:
Sector:
Energy
Insurance Type:
Lenders all riskinsurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private company
Project:
Equipment purchase to support a power generation plant
Maximum Sum Insured:
$35 million

Access to reliable energy is one of Tanzania’s major challenges - just 11% of the population is estimated to have access to reliable energy. Due to prolonged drought across the country, its hydro-based power infrastructure has been unable to generate enough power to cope with domestic and industrial demand. Power outages running into hours in some regions have been common in Tanzania for months. In an effort to address the power situation that has reached crisis levels, the government contracted an energy company to build and operate a gas fired power plant that will eventually transmit power from the gas fields in the Somanga region to the capital Dar es Salaam. A regional bank provided bridge financing for the project while ATI backed the bank’s loan with an insurance cover protecting the bank against non-payment. The project will not only address the country’s immediate energy needs, but will also herald a strategic move by the government to diversify power generation away from hydro-based sources.

Country:
Sector:
Infrastructure
Insurance Type:
Comprehensive non-payment insurance (Commercial and Political risks)
Risks Covered:
Non-payment by a private obligor (a private sector company), currency transfer restriction, goods in transit, war and civil disturbance, physical damage or business interruption due to political violence
Project:
Delivery of water supply equipment
Maximum Sum Insured:
$790,000

Tanzanians lack access to clean and reliable sources of water. A 2002 study estimated that only about 50% of the rural population and 70% of the urban population had access to reliable water supplies. To address this challenge, in 2006, the government of Tanzania implemented a national program to meet the water sector targets set out in the Millennium Development Goals. The National Rural and Water Supply Sanitation Programme is a key component. ATI supported a project under this scheme that is developing sustainable water supply systems for rural populations. Under the policy, ATI is insuring an international supplier against non-payment risks by the lead engineering firm.

Country:
Sector:
Infrastructure
Insurance Type:
Political Risk Insurance Non-honouring of a sovereign obligation
Risks Covered:
Ministry of Finance default
Project:
Term loan facility in support of infrastructure development
Maximum Sum Insured:
$250 million (of which ATI is insuring $50 million)

The government of Tanzania is investing heavily in improving its road, water and power infrastructure with a budget increase of 85%. The government is expecting dividends from increases in investments, tourism and trade. To overcome the financing hurdle, they implemented a PPP (Public Private Partnership) approach. This project represents the government’s first foray into the commercial financing market to fund large-scale projects. A syndicate comprised of leading African banks and Tanzanian institutions backed the $250 million loan facility. ATI is insuring a portion of this loan which the government will use to finance road reconstruction and other infrastructure projects.

Country:
Sector:
Agriculture
Insurance Type:
Comprehensive Risk Insurance
Risks Covered:
All political & commercial risks
Project:
Supply of irrigation equipment
Maximum Sum Insured:
$5.6 million

Tanzania produces and exports sugar, an important commodity. When a centrally-located plantation wanted to install an irrigation system, they turned to two renowned Italian suppliers. SACE, the Italian Export Credit Agency insured the transactions together with its trusted African reinsurance partner, ATI.

Country:
Sector:
Services
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign obligation (a government commitment)
Project:
Supply of police uniforms
Maximum Sum Insured:
$650,000

After The Government of Tanzania invited bids to supply their police force with new uniforms, the tender was awarded to an East African Textile Manufacturing Company. To support this company, ATI provided an insurance policy against the Government not honouring its Sovereign obligation for the delivered goods.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign debt
Project:
Construction of a 100 MW gas-fired power station on a turn-key basis
Maximum Sum Insured:
$102 million

In the last two years, prolonged periods of drought have severely impacted energy supply in Tanzania which is heavily reliant on hydro power. This has resulted in persistently power rationing across the country, affecting both the general population as well as the business community. Demand on the other hand continues to grow at rates as high as 10-12% annually according to estimates, driven in part by increased activity in the mining sector. 

The Government of Tanzania has had to seek external funding on behalf of its power utility TANESCO in order to enable the utility diversify into natural gas as alternative sources of energy. Natural gas has gained currency as the next frontier for Tanzanias energy sources following its discovery a few years ago. ATI supported one such transaction by extending reinsurance to a European Export Credit Agency for its guarantee to a top global bank that offered TANESCO the much needed financing.
Country:
Sector:
Construction
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Insolvency and Protracted default
Project:
Construction of structural steel, buildings, reinforced concrete, associated earthworks and civil steel
Maximum Sum Insured:
$1.5 million

ATI insured a private civil and building construction company against non-payment by one of the main sugar companies in Tanzania.  The project aims at expanding the sugar cane production in the country, which is expected to grow by 3.39% in 2013 and create new jobs for the locals.

Insurance Type:
Political Risk Insurance for Loans
Project:
Vegetable Oil Imports
Maximum Sum Insured:
$3.6 million

Under this unique deal, countries from two continents are working together to provide vegetable oil to Tanzania. A valuable commodity, vegetable oil is used in renewable energy products as well as for general domestic consumption in Tanzania. To cover this transaction, ATI has, in partnership with Lloyd's of London, provided Political Risk Insurance to a Netherlands based bank since 2004. The bank finances the purchase of vegetable oil, which will be sold to buyers in Tanzania.

This is the fourth policy renewal by the Netherlands based bank. ATI is proud of this partnership and the role it plays in facilitating the flow of a much needed commodity to a Member State.

Country:
Sector:
Manufacturing
Insurance Type:
Whole Turnover Credit Insurance
Project:
Textile Exports
Maximum Sum Insured:
$385,000

The textile industry in Tanzania plays a central role in the country's economy, supplying a broad tax revenue base and employing thousands of mostly women.

The trade liberalization policies of the late 80's weakened the domestic industry as higher quality and cheaper goods from other countries entered the local market. Many plants could not survive and some languished under improper maintenance. Today the industry is seeing a revitalisation. Under the government's Privatisation Policy, companies are focusing on export markets. And they are taking over and rehabilitating old textile plants.

To protect its export sales of cotton yarn to buyers in China, Columbia, Rwanda, Portugal and Italy, as well as protecting its investment in new machinery, a local Tanzanian company secured Whole Turnover Credit Risk Insurance from ATI. Though comparatively small, this project can have a major impact securing a vital industry against buyer default, a likely side effect of the global credit crunch.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Payment default by a sovereign obligor
Project:
Rural Electrification
Maximum Sum Insured:
$11 million

An international energy company obtained ATI cover to protect them against non-payment by the government, which issued the company a guarantee to reimburse any shortfall in tariff-based revenues for three years.  

The project will convert standard national gas to electricity – a more environmentally friendly alternative to the traditional hydro and diesel powered energy sources in the under-serviced South East region of the country. The project will also finance infrastructure, including the construction of a 27 kilometre pipeline and a gas-fired power plant that will transmit electricity to rural communities for the first time.

Country:
Sector:
Manufacturing
Insurance Type:
Non-payment or protracted default by a sovereign project sponsor and transfer restriction
Project:
Water supply improvement
Maximum Sum Insured:
$17.2 million

Access to potable water remains a challenge to Tanzania’s development goals. It is estimated that only 11% of households have to-the-door access to potable water while the balance of the population must travel from 15 to over 30 minutes to access water.  

This project provides reliable and safe water supply to a township of over one million people located in central Tanzania. ATI is providing insurance to the Mauritius based engineering firm to cover their contract against delays in payment and non-payment by the government ministry sponsoring the project in addition to the risk of transfer restriction.

Country:
Sector:
Energy
Insurance Type:
Lenders all riskinsurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private company
Project:
Equipment purchase to support a power generation plant
Maximum Sum Insured:
$35 million

Access to reliable energy is one of Tanzania’s major challenges - just 11% of the population is estimated to have access to reliable energy. Due to prolonged drought across the country, its hydro-based power infrastructure has been unable to generate enough power to cope with domestic and industrial demand. Power outages running into hours in some regions have been common in Tanzania for months. In an effort to address the power situation that has reached crisis levels, the government contracted an energy company to build and operate a gas fired power plant that will eventually transmit power from the gas fields in the Somanga region to the capital Dar es Salaam. A regional bank provided bridge financing for the project while ATI backed the bank’s loan with an insurance cover protecting the bank against non-payment. The project will not only address the country’s immediate energy needs, but will also herald a strategic move by the government to diversify power generation away from hydro-based sources.

Country:
Sector:
Infrastructure
Insurance Type:
Comprehensive non-payment insurance (Commercial and Political risks)
Risks Covered:
Non-payment by a private obligor (a private sector company), currency transfer restriction, goods in transit, war and civil disturbance, physical damage or business interruption due to political violence
Project:
Delivery of water supply equipment
Maximum Sum Insured:
$790,000

Tanzanians lack access to clean and reliable sources of water. A 2002 study estimated that only about 50% of the rural population and 70% of the urban population had access to reliable water supplies. To address this challenge, in 2006, the government of Tanzania implemented a national program to meet the water sector targets set out in the Millennium Development Goals. The National Rural and Water Supply Sanitation Programme is a key component. ATI supported a project under this scheme that is developing sustainable water supply systems for rural populations. Under the policy, ATI is insuring an international supplier against non-payment risks by the lead engineering firm.

Country:
Sector:
Infrastructure
Insurance Type:
Political Risk Insurance Non-honouring of a sovereign obligation
Risks Covered:
Ministry of Finance default
Project:
Term loan facility in support of infrastructure development
Maximum Sum Insured:
$250 million (of which ATI is insuring $50 million)

The government of Tanzania is investing heavily in improving its road, water and power infrastructure with a budget increase of 85%. The government is expecting dividends from increases in investments, tourism and trade. To overcome the financing hurdle, they implemented a PPP (Public Private Partnership) approach. This project represents the government’s first foray into the commercial financing market to fund large-scale projects. A syndicate comprised of leading African banks and Tanzanian institutions backed the $250 million loan facility. ATI is insuring a portion of this loan which the government will use to finance road reconstruction and other infrastructure projects.

Country:
Sector:
Agriculture
Insurance Type:
Comprehensive Risk Insurance
Risks Covered:
All political & commercial risks
Project:
Supply of irrigation equipment
Maximum Sum Insured:
$5.6 million

Tanzania produces and exports sugar, an important commodity. When a centrally-located plantation wanted to install an irrigation system, they turned to two renowned Italian suppliers. SACE, the Italian Export Credit Agency insured the transactions together with its trusted African reinsurance partner, ATI.

Country:
Sector:
Services
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign obligation (a government commitment)
Project:
Supply of police uniforms
Maximum Sum Insured:
$650,000

After The Government of Tanzania invited bids to supply their police force with new uniforms, the tender was awarded to an East African Textile Manufacturing Company. To support this company, ATI provided an insurance policy against the Government not honouring its Sovereign obligation for the delivered goods.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign debt
Project:
Construction of a 100 MW gas-fired power station on a turn-key basis
Maximum Sum Insured:
$102 million

In the last two years, prolonged periods of drought have severely impacted energy supply in Tanzania which is heavily reliant on hydro power. This has resulted in persistently power rationing across the country, affecting both the general population as well as the business community. Demand on the other hand continues to grow at rates as high as 10-12% annually according to estimates, driven in part by increased activity in the mining sector. 

The Government of Tanzania has had to seek external funding on behalf of its power utility TANESCO in order to enable the utility diversify into natural gas as alternative sources of energy. Natural gas has gained currency as the next frontier for Tanzanias energy sources following its discovery a few years ago. ATI supported one such transaction by extending reinsurance to a European Export Credit Agency for its guarantee to a top global bank that offered TANESCO the much needed financing.
Country:
Sector:
Construction
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Insolvency and Protracted default
Project:
Construction of structural steel, buildings, reinforced concrete, associated earthworks and civil steel
Maximum Sum Insured:
$1.5 million

ATI insured a private civil and building construction company against non-payment by one of the main sugar companies in Tanzania.  The project aims at expanding the sugar cane production in the country, which is expected to grow by 3.39% in 2013 and create new jobs for the locals.