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 to the region. ATIDI was founded in 2001 by seven COMESA countries, with technical and financial backing of The World Bank.
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 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, Trade Development Bank, UK Export Finance (UKEF), SACE, CESCE, Africa RE, Kenya RE, Chubb Nippon Export and Investment Insurance (NEXI) and Atradius. Membership is open to all African Union member states, non-African states, private corporations, regional and international institutions.
India became the first non-African member country to become a shareholder through its government-backed export credit agency, ECGC
Country/Entity Paid-up Capital (in million USD) Non-African Member Countries Paid-up Capital (in million USD) Other Shareholders Paid-up Capital (in million USD) Angola 15.8 Benin 27.6 India (ECGC) 10.6 African Development Bank 15.0 Burkina Faso 10.8 Burundi 16.2 Cameroon 9.0 African Reinsurance Corporation 1.0 Atradius 0.1 Chad 10.7 Côte d'Ivoire 20.5 Chubb Limited 9.0 Democratic Republic of Congo 21.0 COMESA 0.1 Ethiopia 22.9 CESCE 1.0 Ghana 15.8 Kenya Reinsurance Corporation 1.0 Kenya 30.1 NEXI 10.0 Madagascar 7.3 SACE SpA 10.0 Malawi 18.7 Mali 7.8 Niger 9.5 Nigeria 12.6 Rwanda 9.2 Trade Development Bank 1.0 Zep Re 3.6 Senegal 11.8 South Sudan 9.6 Tanzania 17.8 Togo 25.1 Uganda 24.1 UK Export Finance 0.1 Zambia 18.2 Zimbabwe 13.9
Credit ratings S&P: Reaffirmed A/Stable (April 2024) Moody's: Assigned A3/Positive (March 2023)
See also African Development Bank African Export-Import Bank Africa Finance Corporation Berne Union Chubb Limited COMESA ECGC MIGA Mizuho Corporate Bank MUFG Nippon Export & Investment Insurance (NEXI) Sumitomo Mitsui Banking Corporation The World Bank Trade Development Bank
References
External links ATIDI's official website