African Trade & Investment Development Insurance (ATIDI)
Last updated on 01 Mar 2024

Key facts


Pan-African organization formerly known as ATI that provides trade credit and political risk insurance to companies, investors and lenders interested in doing business in Africa.

Kenya Re Towers, 5th Floor,
Off Ragati Road, Upperhill
P.O. Box 10620, G.P.O. 00100
Nairobi
Kenya

+254 (0)20 272 6999

www.ati-aca.org
MIXED
2000
Credit rating (S&P)
A
Foreign currency

Authorizations and exposure


FY 2022 exposure top sub-regions

West Africa
47%
East Africa
29%
Southern Africa
9%
Central Africa
3%
North Africa
2%

FY 2022 exposure

Members

88 %

Non-Members

12 %

Products


  • Non-honoring of sovereign or sub-sovereign obligations: This insurance protects lenders, investors and suppliers against losses resulting from the sovereign or sub-sovereign’s failure to make payment when due under the insured facility/contract
  • Investment insurance: Can be obtained by firms investing in ATI member countries
    • Pure Political/ Investment Risk policies cover specific perils, with political risk being defined as the risk of a loss arising from any actions or inactions of governments or a loss following political events outside the control of the contracting parties. Such policies may also include the default (non-payment) risk of the sovereign or other public entities.
    • ATIDI’s insurance policy can combine several sub-risks and insured events, depending on the nature of the transaction, the needs of the client and the risk assessment of ATIDI
  • Trade credit insurance: Offered to African exporters and to international companies with ambitions to enter African markets
    • Offers commercial risk protection, such as insolvency and non-payment (protracted default)
    • Subproducts in include lenders all risk, bank master policy, single obligor, and whole turnover
  • Surety bonds for performance risks:
    • Advance payment bonds
    • Bid bonds
    • Customs and warehousing bonds
    • Performance bonds
  • ATIDI also provides reinsurance for insurance companies, with facultative and treaty options for international insurance partners
    • African Energy Guarantee Facility (AEGF) allows ATIDI to have access to up to US$1 billion of additional underwriting capacity for energy access, energy efficiency and renewable energy projects that are in line with SDG7 objectives
  • Energy solutions: ATIDI has developed broad expertise in the energy sector with the help of the European Investment Bank (EIB), the German Development Bank (KfW) and the Norwegian Agency for Development Cooperation – Norad
  • Regional liquidity support facility:
    • Guarantee instrument provided by ATIDI to renewable energy Independent Power Producers (IPPs) that sell the electricity generated by their projects to state-owned power utilities
    • Supports small and mid-scale renewable energy projects with an installed capacity of up to 100 MW by protecting the IPPs against the risk of delayed payments by public offtakers
    • Larger projects can be considered on a case-by-case basis
  • Transparency tool:
    • The Transparency Tool is an online platform that collects, tracks and provides information on how national utilities make payments to operational IPPs

Policies


  • The investment or project must be located in at least one of ATI’s African member countries; however, since ATI has a Pan-African mandate, on a limited and exceptional basis, it can consider a transaction in other African countries

News


  • 2024: ATIDI and the Government of Kenya Partner to Advance Renewable Energy Projects
  • 2023: ATIDI Strengthens its ESG focus
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