The African Development Bank, AfDB, and the African Trade Insurance Agency, ATI, have announced the successful completion of a $500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more […]
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African Trade Insurance (ATI) expects its annual insured trade and investment portfolio to double to $7 billion within five years, driven by new members, including Ghana and Nigeria. Its Chief Executive George Otieno said the annual portfolio would rise by $1 billion this year to $3.5 billion and double to about $7 billion by 2022. […]
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The National Insurance Commission (NAICOM) has confirmed that Nigeria stands to enjoy $5 billion insurance cover as a member of African Trade Insurance Agency (ATI). Mohammed Kari, the Commissioner of Insurance made the confirmation during the 2017 Seminar for Insurance Corespondents in Kaduna, Kaduna State. He said that Nigeria would this week commence the payment […]
Read More African Trade Insurance (ATI) is currently discussing with Nigeria’s insurance industry and those of seven other nations on the need to be a part of the association as member countries. The seven other countries are: Ghana, South Sudan, Angola, Cameroon, Sudan, Djibouti and Sierra Leone. ATI’s Chief Executive Officer, George Otieno, who noted that some […]
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