Multinational - African Trade Insurance


Project Summary

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
Sector Finance
DAC Sector Code 24030
Commitment U.A 649,350.65
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

The project beneficiaries are mainly the Africa Trade Insurance Agency (ATI) and regional member countries.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
Agence Africaine d'Assurance Commerciale (ATI)

Information

IATI identifier 46002-P-Z1-H00-002
Last Update 31 Oct 2019

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Contact Details

Email fapa@afdb.org

Geographic Location

Country Multinational