ATI provides political risk and trade credit risk insurance products with the objective of reducing the business risk and cost of doing business in Africa. Our main goal is to help increase investments into our African member countries and two-way trade flows between Africa and the world. We facilitate exports, foreign direct investment into and trade flows within the continent.
ATI was launched in 2001 with the financial and technical support of the World Bank and the backing of seven African countries. The African Development Bank recently joined as shareholder and partner by funding countries to join ATI.
Since 2003, we have supported over $25 billion worth of trade and investments across the continent, secured an investment grade rating of 'A' from Standard & Poor's, and expanded membership with plans to attract even more African member countries and international financial institutions in the near term.
We are currently able to conduct business in these African countries:
|Democratic Republic of Congo||Tanzania|
We will regularly update this list as new members complete the membership process.
To transform Africa into a prime trade and investment destination
To turn African risk into opportunity by providing insurance and financial products, in partnership with the private and public sectors
We always strive to carry out our business with a customer first approach combined with integrity, creativity, unity of purpose and an attitude of getting it right the first time
ATI was created to fill a market gap in trade and investment risk mitigation in Africa. In the late 90's, risk mitigation tools for credit and political insurance were not available for many African countries, and where the cover existed, it was very costly. In addition, the relatively small volumes of trade and investments into these countries did not justify the establishment of national export credit agencies. The only viable solution was to form a multilateral agency that would provide more cost-effective use of underwriting capital, reduced over-head costs and the ability to encourage private sector insurers to assume risk in Africa.
In response to the demand, a number of African countries came together to establish an insurance mechanism to protect their economies against losses caused by credit and political risks. They were confident that this instrument would help local companies compete globally and help Africa attract foreign direct investment. ATI was subsequently launched in 2001 with a mandate to create insuarance and reinsurance products to help reduce the risks and costs of doing business in Africa.