Backed by 24 member states and 13 institutional investors, including the African Development Bank and Africa Re, as well as international shareholders such as SACE, the Japanese export credit agency NEXI and India's export credit agency ECGC among others, ATIDI provides risk mitigation for debt and equity investments as well as trade transactions across Africa.
For the past 25 years ATIDI - legally the African Trade and Insurance Agency - had played a pivotal role in supporting trade and investment across the continent, standing as a pillar of confidence for investors, entrepreneurs and policymakers alike, ATIDI chairman Professor Kelly Mua Kingsly told delegates. "We are more than just an insurer. We are a trusted partner in Africa's development journey, a catalyst that connects perception with potential and risk with opportunity."
By December 2024 it had a capital base of 791.5m, a 13 increase on the previous year, with ambitions to reach a billion-dollar capital base in the next three years. The organisation supported 8.9bn of trade and investment last year across the continent, against a backdrop of 1bn net exposure.
Kingsly highlighted the importance of ATIDI's preferred creditor status PCS, which ensures ATIDI gets repaid before other creditors, in changing the continent's risk profile. This enables member states to raise cheaper capital and provide political risk insurance to grease the wheels of trade.
For over a decade ATIDI has maintained an "A" rating for financial strength and counterparty credit by Standard Poors. In 2019 it obtained a second A3/stable rating from Moodys, which was later revised to A2/stable in 2024.