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IN the heart of Africa, where vast opportunities meet daunting challenges, a quiet revolution is underway.
It’s a story of resilience, innovation, and collaboration—a story led by ATIDI, the African Trade Insurance Agency, and its unwavering commitment to transforming risks into opportunities for sustainable development.
Founded in 2001 by African states with the support of Common Market for Eastern and Southern Africa, and the World Bank, ATIDI was born out of necessity.
At the time, Africa attracted a mere US$47 billion in foreign direct investment (FDI), hindered by perceived and actual risks.
Fast forward to today, and ATIDI has grown into a pan-African powerhouse, with 24 member states, 13 institutional shareholders, and a portfolio exceeding US$85 billion.
Yet, the journey is far from over.
ATIDI’s mission is clear: to mitigate risks and unlock Africa’s potential.
Unlike traditional insurance, ATIDI specialises in development insurance—a niche yet critical field that addresses unique risks such as political instability, currency inconvertibility, and default risks.
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By providing tailored risk-mitigation solutions, ATIDI creates a secure environment for investors, enabling them to channel funds into transformative projects across the continent.
From renewable energy to infrastructure, ATIDI’s impact is undeniable. Take, for instance, the 20 megawatts Ituka West Nile Uganda Ltd solar project, which is expanding access to clean energy.
Or the BITA Water Project in Angola, supported in collaboration with the World Bank, which is improving access to clean water and sanitation.
In Benin and Togo, ATIDI’s refinancing initiatives have bolstered financial stability and economic reforms.
Across Côte d’Ivoire, Tanzania, and Senegal, ATIDI’s comprehensive credit risk insurance has facilitated critical infrastructure projects, from roads to irrigation systems, by enabling longer debt tenures and reducing interest rates.
But ATIDI’s vision extends beyond individual projects. Through initiatives like the Regional Liquidity Support Facility (RLSF), ATIDI is enhancing the bankability of renewable energy projects, ensuring that Africa’s green energy transition is not just a dream but a reality.
As ATIDI looks to the future, its ambitions are bold.
The organisation’s 2023-2027 corporate strategy aims to raise US$1 billion in capital, increase membership by 25%, and optimise its processes and systems.
With an A2 rating from Moody’s and an A rating from S&P, ATIDI’s financial strength and credibility are undeniable.
Yet, the true measure of ATIDI’s success lies in its ability to bring people together. From its strategic partnerships with the African Union, the African Development Bank, and the World Bank Group to its upcoming 2025 Annual General Meeting and Investor Roundtable in Luanda, Angola, ATIDI is fostering collaboration and dialogue.
As Manuel Moses, ATIDI’s chief executive officer, aptly puts it, “ATIDI is at the centre of the solution to Africa’s development agenda. Our unique risk-mitigating solutions are essential to enable transformational projects benefiting African countries and their citizens.”
Benjamin Mugisha, chief underwriting officer at ATIDI, emphasised the organisation’s commitment to empowering SMEs—the backbone of Africa’s economy.
“By providing tailored risk solutions, we empower African economies, improve livelihoods, and contribute to long-term development,” he said.
Anthony Ehimare, ATIDI chief risk officer, said the recent global crisis demonstrated that volatility and uncertainty may be the new norm in international business.
“ATIDI’s track record has proven that our unique market insight, solid partnerships, and adapted mitigation mechanisms provide investors with the comfort level they need to further engage in Africa,” he said.
ATIDI’s story is one of hope and determination. It is a story of how innovative risk management can unlock Africa’s potential, drive sustainable development, and create a brighter future for millions.
As ATIDI continues to grow and evolve, one thing is certain: the best is yet to come.