Pan-African insurer Atidi in renewed push for continental investment
L-R: Atidi General Counsel and Corporate Secretary Linda Bwakira, Atidi CEO Manuel Moses and Rwanda’s Minister of Finance and Economic Planning Dr Uzziel Ndagijimana during a meeting in Kigali, Rwanda on August 15, 2023. PHOTO | FILE | NMG
Even with unfavourable global conditions defined by limited sources of development funds and increased borrowing costs, African Trade and Investment Development Insurance (Atidi) has stayed supportive, helping many countries access borrowing.
Using its investment-grade status, the pan-African insurer has helped minimise borrowing costs for African governments. This was evident recently when Tanzania and Kenya received significant reductions in borrowing expenses by avoiding exorbitant rates associated with individual country lending.
