Pan African trade credit and political risk insurer, African Trade & Investment Development Insurance (ATIDI), holds its annual general meeting (AGM) in Luanda, Angola, beginning Wednesday as it celebrates 25 years of catalysing trade and investment in Africa.
The June 18 to 21 AGM will be held under the theme, Turning Risk into Opportunity, Securing a Sustainable Future.
The AGM will feature high-level strategic dialogue, presentation of ATIDI’s 2024 results, member updates, an Investor Roundtable and Stakeholder Boardroom sessions.
This year’s AGM marks a significant milestone for ATIDI as it celebrates a quarter century of facilitating trade and investment across Africa. The gathering will bring together high-level representatives from more than the organisation’s 24 African member States, 13 institutional shareholders, development finance institutions and strategic partners to reflect on progress, strengthen partnerships and shape the organisation’s future.
The Nairobi-headquartered development finance institution has supported over US$88 billion in trade and investment across the continent since inception.
Manuel Moses, ATIDI chief executive officer said ATIDI has “evolved from a visionary concept into a leading force in Africa’s development landscape, facilitating over US$88 billion in trade and investment”.
“Guided by our mission to turn African risk into opportunity, we continue to rethink risk and deliver innovative insurance and financial solutions in partnership with the public and private sectors. Our impact is grounded in a commitment to driving resilient, inclusive, and forward-looking growth across the continent,” he said.
ATIDI says it remains committed to environmental, social and governance principles, scaling its impact through initiatives such as the Regional Liquidity Support Facility (RLSF). This flagship product supports renewable energy projects and strengthens energy security across Africa. To date, nine projects have been supported under RLSF in four countries, representing 181,95 MW of clean energy and mobilising over US$323,7 million in financing, it said.
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Last year, ATIDI also announced a strategic partnership with Germany’s KfW Development Bank to boost SME financing across Africa and improve cross-border trade efficiency through risk mitigation, training, and enhanced support for the Comesa Regional Customs Transit Guarantee (RCTG) Scheme. It simplifies the transit process by using a single guarantee for goods moving through African borders with the support of risk mitigation guarantees jointly structured by ATIDI, Africa-Re, Afreximbank, Comesa and ZEP-RE. This eliminates the need for separate guarantees in each country, reducing administrative burdens and delays for transporters, an essential pillar to materialise the visitation of the African Continental Free Trade Area.
Benjamin Mugisha, ATIDI’s chief underwriting officer, said, “Sustainability is not a side objective; it is central to our mandate”.
“We are proud to support the African Union’s Agenda 2063 and the SDGs through investments that promote climate resilience, social inclusion, and long-term economic growth,” he said.
The AGM will feature high-level strategic dialogues, presentations of ATIDI’s 2024 results, member updates, an Investor Roundtable and a Boardroom session that allows our shareholders to present their latest strategic objectives to the market, along with the approval of new accessions and initiatives. Angola’s hosting of this milestone edition underscores its growing role in shaping regional integration and investment dialogue on the continent.
Angola became a member state of ATIDI in 2023. ATIDI has supported infrastructure development of over US$2 billion for water supply, energy and gas, among others.
