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ATI Announces Profits for the 9th Consecutive Year as it Marks 20 Years of supporting Trade and Investment in Africa

ATI ( www.ATI-aca.org ) has shown great resilience and posted a net profit growth of 43% and a Gross Exposure of USD 6.3 billion amidst the COVID-19 Global Pandemic; ATI is increasing its capital base and footprint across the African continent through support from the African Development Bank (AfDB), the European Investment Bank (EIB) and the German Development Bank (KfW); As it marks its 20 th Anniversary, the Nairobi based Pan-African insurer has pledged a more robust, reliable and transformational strategic approach to its business offerings.

Africa expected to see a subdued economic recovery in 2022

Africa expected to see a subdued economic recovery in 2022 - CNBC Africa Ghana, Senegal & Uganda met virtually with international financial partners and risk analysts to discuss the most urgent risks and mitigation solutions at ATI’s (www.ATI-ACA.org) annual Roundtable; Analysts noted that Africa is expected to see a subdued economic recovery in 2021 and not likely to reach 2019 growth levels till 2022; Debt defaults are likely to be contained to a small subset of countries with little chance of contagion spreading to other countries in the region. At the African Trade Insurance Agency’s (ATI) Annual Investor Roundtable, investors, risk analysts and African governments weighed in on the prospects for the region to recover from the impacts of COVID-19. Analysts predicted a subdued recovery in 2021 with the possibility of countries not returning to 2019 growth levels till 2022.

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