The African Trade Insurance Agency (ATI) launches in Zimbabwe
Insurance24
HARARE, The African Trade Insurance Agency (ATI) launches its presence in Zimbabwe tomorrow amid prospects of changing the country’s investment and trade risk profile.
The ATI is Africa’s export credit agency which provides political risk and trade credit risk insurance products with the objective of reducing the business risk and cost of doing business in Africa .
In addition to that, ATI is an African multilateral with an investment grade rating by S&P
Global Ratings. It offers solutions to protect your business or investments against sovereign and corporate non-payment risks as well as expropriation, nationalisation and war, and is affiliated to the World Bank.
Currently ATI conducts business in countries that include Benin, Ethiopia, Malawi, Burundi, Rwanda, Democratic Republic of Congo, Tanzania, Kenya, Uganda, Madagascar and Zambia.
Other members of the insurance agency include AfDB, the Common Market of Eastern and Southern Africa, African Reinsurance Corporation and the Eastern and Southern African Trade and Development Bank (PTA Bank), the PTA Re Insurance Company (Zep Re), among others.
Zimbabwe last year paid in excess of $15 mln re-admission and now enjoys its membership to the organisation with full benefits.
Meanwhile, Finance Minister Ignatius Chombo will be Guest of Honour at the event while other speakers include Minister of Industry and Commerce, Mike Bimha and RBZ Governor, Dr. John Mangudya.
