Connect with us
Anglostratits

Business

African Trade and Investment Development Insurance (ATIDI) Hosts Deep Dive Webinar on Development Insurance and Shapes the Future of Risk Mitigation in Africa

Published

on

ATIDI

The pan-African development insurer is set to host its 2025 Annual General Meeting and Investor Roundtable in Luanda, Angola, from 18 to 21 June

NAIROBI, Kenya, February 4, 2025/APO Group/ — 

In an effort to promote the growing need for effective risk management in Africa, ATIDI (www.ATIDI.Africa) hosted a webinar focused on the role of development insurance. The session brought together media stakeholders from across the continent – to understand how innovative insurance solutions are driving sustainable development, mitigating risks and fostering economic growth. With a special emphasis on the African market, the session provided a deep dive into strategies that are transforming the landscape of development insurance.

Download presentation: https://apo-opa.co/3ColzGY

Development insurance plays a pivotal role in fostering economic growth by providing investment, trade and political risk-mitigation covers designed to attract foreign direct investment (FDI) into development projects. Unlike traditional insurance, development insurance is a specialized field focused on creating a secure environment for investors by addressing unique risks.

ATIDI exemplifies this approach by offering tailored solutions that mitigate risks and provide investors with an added layer of security and confidence. This assurance enables them to engage in critical development projects, knowing their capital and interests are safeguarded against unforeseen challenges such as political instability, currency inconvertibility and default risks. Through its innovative and specialized products, ATIDI is not only facilitating FDI but also driving sustainable development across Africa, transforming perceived risks into opportunities for economic advancement.

ATIDI, legally known as the African Trade Insurance Agency, was founded in 2001 by African States and with technical and financial backing from COMESA and the World Bank, to cover trade and investment risks of companies doing business in Africa. At that time, the continent attracted a bleak USD47 billion dollars of FDI, due in part to perceived or actual risk for interested investors. Though this figure has improved, Africa’s financing gap remains abysmal, with USD200 billion in additional investment needed to achieve the SDGs by 2030 [1].

ATIDI has grown to 24 Member States (https://apo-opa.co/3CKjViM) and 13 institutional shareholders. The organization aspires to eventually have all African countries as members. In pursuit of this goal, ATIDI has established and strengthened strategic partnerships with leading development and financing institutions, including the African Union, the African Development Bank, the World Bank Group, the European Investment Bank, KfW and Norad. ATIDI has earned an A2 rating with a stable outlook from Moody’s and an A rating with a stable outlook from S&P, reflecting its financial strength and credibility.

ATIDI has demonstrated resilience amid challenging market conditions, achieving profit growth while strategically managing its risk and exposure. The organization continues to support trade and investment across Africa with a portfolio of over USD85 billion since inception. ATIDI is implementing an ambitious 2023-2027 corporate strategy, targeting capital of USD1 billion and membership increase by 25%, while optimizing it processes and systems.

By providing tailored risk solutions, we empower African economies, improve livelihoods, and contribute to long-term development, all while fostering greater trade and investment

ATIDI has supported several flagship projects across Africa, showcasing its commitment to sustainable economic growth and financial stability. The 20 MW Ituka West Nile Uganda Ltd solar project (https://apo-opa.co/42Ig94m) promotes renewable energy access. In Benin and Togo, ATIDI supported the refinancing and re-profiling of existing loans (https://apo-opa.co/4hzGBkK), underscoring ATIDI’s commitment to supporting financial stability and economic reforms. Furthermore, ATIDI has been supporting key infrastructure transactions, including road and irrigation projects in Côte d’Ivoire, Tanzania, and Senegal among others. In all these countries, ATIDI’s comprehensive credit risk insurance enabled access to longer debt tenures, and a reduced all-in interest rate. In collaboration with MDBs, ATIDI has provided cover for blended finance transactions such as in the BITA Water Project in Angola (World Bank), improving access to clean water and sanitation and an SDG loan in Benin (AfDB). Furthermore, ATIDI’s Regional Liquidity Support Facility (RLSF) (https://apo-opa.co/4hKkgRo) enhances bankability by providing risk mitigation for development initiatives in renewable energy.

The pan-African development insurer is set to host its 2025 Annual General Meeting and Investor Roundtable in Luanda, Angola, from 18 to 21 June.

Quote from Manuel Moses, CEO, ATIDI

“ATIDI is at the center of the solution to Africa’s development agenda. Our unique risk-mitigating solutions are essential to enable transformational projects benefiting African countries and their citizens. We are well on our journey to one day count each African country as a Member State and fully realize the noble vision of the African Continental Free Trade Area (AfCFTA). As we work towards this goal, we strive to preserve the support of our Member States in upholding our Preferred Creditor Status, to leverage collaboration with other actors in our industry and to strengthen our bond with our strategic partners”

Quote from Benjamin Mugisha, Chief Underwriting Officer, ATIDI

“Business trends are rapidly evolving, and at ATIDI, we are continuously adapting our product line-up to meet the changing needs of our clients. One key focus has been the development of innovative solutions tailored specifically for SMEs. These businesses play a crucial role in driving economic growth, particularly in Africa, and we are committed to providing them with risk management tools that they need to thrive. By providing tailored risk solutions, we empower African economies, improve livelihoods, and contribute to long-term development, all while fostering greater trade and investment opportunities across the continent.”

Quote from Dr. Anthony Ehimare, Chief Risk Officer, ATIDI

Investing in Africa comes with the risks, among which figure debt distress, political volatility, lingering insecurity or again persisting gaps in governance. But recent global crises demonstrate that volatility and uncertainty may be the new norm in international business. ATIDI’s track record has proven that our unique market insight, our solid partnerships, our risk assessment and adapted mitigation mechanisms provide investors with the comfort level they need to further engage in Africa. We remain committed to continue providing this superior quality to our partners and clients.


[1]: UNCTAD Global Investment Trends Monitor, No. 46 (https://apo-opa.co/3CCKNkQ)

Distributed by APO Group on behalf of African Trade and Investment Development Insurance (ATIDI).

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

Published

on

Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

Continue Reading

Business

South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

Published

on

Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

Continue Reading

Business

Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

Published

on

Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Trending