This will enable ATI commence operations in Nigeria, Africa’s largest economy, which joins 14 other African countries that have already signed up to ATI membership.
Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to over US$ 5 billion by 2020.
ATI’s mandate is to provide medium to long term credit and political risk insurance, as well as other risk mitigation products to its member countries and related public and private sector actors.
These products directly encourage and facilitate foreign direct investment, as well as local private sector investment in regional member countries and intra- and extra-African trade.