|Approval Date||22 Oct 2009|
|Signature Date||14 Jan 2010|
|Planned Completion Date||31 Dec 2013|
|Last Disbursement Planned Date||31 Dec 2013|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||24030|
This project is a technical assistance operation that will be used to build institutional capacities and technical skills of African Trade Insurance Agency (ATI) staff. ATI is a multilateral financial insurance company that operates in 10 African countries. It is the only institution in Africa that offers political risk insurance and whole trade credit insurance. The proposed technical assistance activities include: (i) Strengthening corporate governance; (ii) Implementing an underwriting system; (iii) Strengthening communication technology infrastructure; (iv) Enhancing human resources management skills; (v) Improving ATI's ability to meet customer needs in existing member states; (vi) Developing a marketing strategy; and (vii) Carrying out a survey on the trade market in the region to assess the impact of the recession and the need for alternative products. Upon the satisfactory achievement of the key performance indicators, the African Development Bank Group will providing additional financing to assist ATI to increase its capital base and expand its activities across the continent.
The specific objectives of this technical assistance include helping to improve the ATI's internal capacity to deliver on its mandate and build the capacity of current and future member states on the use of risk mitigating instruments in trade and investment.
The project beneficiaries are mainly the Africa Trade Insurance Agency (ATI) and regional member countries.
Fund for African Private Sector Assistance
Agence Africaine d'Assurance Commerciale (ATI)
|Last Update||22 Nov 2020|