The African Trade Insurance Agency (ATI), supported by funds from the African Development Bank, has said it is ready to begin covering transactions in Ethiopia and Zimbabwe, with both countries joining ATI as members.
ATI has a current project pipeline estimated at over $1 billion, which is expected to double in the short term based on existing demand for its products.
ATI was established in 2001 by African governments and a range of other shareholders with the aim of easing the concerns of investors by providing a range of investment and political risk insurance products.
ATI believes the announcement will give investors crucial comfort to start or continue doing business in these countries.
African Trade Insurance Agency, African Development Bank, Africa