The African Trade Insurance Agency is to expand in West Africa

Aug 28, 2013

The African Trade Insurance Agency (ATI), an institution which aims to secure business transactions in Africa through the provision of insurance products, has announced it is planning to expand in Western Africa.

The African Trade Insurance Agency (ATI), an institution which aims to secure business transactions in Africa through the provision of insurance products, has announced it is planning to expand in Western Africa.

CEO of ATI George Otieno told Ecofin news agency that the institution has already held discussions about a partnership with regional institutions in West Africa in a bid to pursue new growth opportunities.

"We are currently in talks with the Economic Community of West African States (ECOWAS) to increase our presence in the region," he said.

Banks, investors and entrepreneurs in West Africa will have access to a range of products such as credit insurance, or insurance against acts of political violence, terrorism and sabotage.

The ATI is currently present in ten African countries, mainly in Southern and Eastern Africa.

Its products can facilitate access to credit for businesses, as adequate coverage can act as a guarantee for banks.ADNFCR-2976-ID-801630062-ADNFCR