We are delighted to welcome the African Trade Insurance (ATI) Agency as a member of The Canada-Africa Chamber of Business as of May 5, 2021.
ATI’s African Member states contribute, along with international governments, multilaterals and the private sector, to the pool of capital underwriting investments, without holding any influence over ATI operations. The Nairobi-based institution is rated "A/stable" by S&P, and "A3/Stable" by Moodys.
ATI has a good market position in Africa, based on the scale of its underwriting penetration and benefits from significant local expertise and understanding in a number of African countries. It currently insures trade and investments worth over USD6 billion or an average of 1-2% of GDP annually in its African member countries. ATI’s partners and clients include African Governments, lenders, traders (both domestic & international) and project developers .
ATI is Africas only multilateral investment and credit insurer and as of 31 December 2020 it had supported trade and investments into Africa valued at over US$66 billion since inception. For FY2020, ATI recorded US$6.3 billion in Gross Exposures and US$411 million in equity.
In our 27-year history as The Canada-Africa Chamber of Business, we believe the latest range of risk insurance instruments is a major leap forward for Canadian institutional investors and African countries - standing to unlock billions in investment capital.
ATI facilitates inward investment in Africa by providing insurance against trade and investment risks. We are delighted to welcome the top leadership to the Chamber and in turn invite you to this event.
Second Row: Sheila Ongas (Communications Officer, ATI); Albert Rweyemamu (Senior Political & Credit Risk Underwrite, ATI); and Garreth Bloor (President, The Canada-Africa Chamber of Business)
Deepak Dave is Chief Risk Officer at ATI, and a long-standing member of the board of the Chamber, chair of the Nairobi chapter, and a member of the Senior Advisory Board.
'It has become increasingly clear that to achieve “the Africa we want” the role of the private sector must become central in mobilizing the needed resources. Alliances like this one present excellent opportunities to address the development challenges facing our region.'
- Manuel Moses, Chief Executive Officer, ATI
‘During my career on Bay Street, it was clear solutions were needed to unlock the billions of investable capital in Canada. ATI has since developed a suite of products that in my view has dramatically changed the landscape in recent years’
– Deepak Dave, Chief Risk Officer, ATI
‘ATI is a game-changer. From discussions with private equity and pension fund representatives, it is clear that ATI has the potential to ensure both the perceived and real risks on the continent are well-managed; ensuring investment committees can proceed on deals that until recently may have been deemed too risky’
– Sebastian Spio-Garbrah, Chair of the Board