ATI provides liquidity guarantee for Malawi’s 20 MW Golomoti solar plant

MALAWI – The African Trade Insurance Agency (ATI), has provided a liquidity guarantee to Malawi’s Golomoti solar PV plant via its Regional Liquidity Support Facility (RLSF). The 20 MW solar farm is being developed by JCM Power Corporation, a Canadian clean energy IPP and InfraCo Africa Limited, part of the Private Infrastructure Development Group (PIDG). ATI says the provision of the guarantee to cover…

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ATI closes US$238m financing agreement for health and transportation projects in Ghana

GHANA – The African Trade Insurance (ATI), a pan-African financial institution providing credit and political risk Insurance Products to support African investments, has announced the closing of two €203 million (US$238.8m) financing agreements social loans, to fund four health and two transportation projects in Ghana. The first transaction, a €55 million (US$64.7m) financing package, relates to the construction of two…

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Nkhotakota Solar Power Plant in Malawi gets US$67m backing from ATI to fill critical energy gap

MALAWI – The Nkhotakota Solar Power Plant, one of Malawi’s first commercial scale independent solar power projects, has received US$67 million from Africa Trade Insurance Agency and is expected to add a significant 37 MWac of clean energy to the national capacity, currently estimated at 362 MWac. The solar plant, which is being developed in two phases of 21 MWac…

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ATI appoints Manuel Moses as the CEO alongside other appointments

AFRICA – African Trade Insurance Agency (ATI) has appointed Mr. Manuel Moses, a veteran of the World Bank’s IFC, as the new Chief Executive Officer based on the Board’s recommendation. He will assume office on 1 November 2020. Mr. Moses is a Zimbabwean national, who brings 15 years of experience from the IFC, where he most recently held the post…

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Swiss insurance firm buys minority stake in African Trade Insurance for US$10m

KENYA – Swiss insurance firm Chubb has bought a 3.5 percent stake in Nairobi-based underwriter African Trade Insurance Agency (ATI) for US$10 million (KSh1 billion). Chubb is the first global property and casualty insurance company to become a shareholder in ATI which issues covers against credit and political risks in Africa. It joins ATI’s list of shareholders including governments, multilateral…

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