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The African Trade and Investment Development Insurance (ATIDI) Posts Resilient Results Despite Global Headwinds

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ATIDI

ATIDI is also growing its footprint by increasing the number of its member countries as well as its institutional shareholders

KIGALI, Rwanda, July 19, 2023/APO Group/ — 

The African Trade and Investment Development Insurance’s (ATIDI) (https://www.ATIDI.Africa/) 23rd Annual General Meetings (AGM) approve solid results in sluggish regional and global economic environment; at the AGM, ATIDI unveils new identity and shares its Corporate Strategy Plan for 2023-2027; next AGM is scheduled to take place in Zambia.

The African Trade and Investment Development Insurance (ATIDI), formerly known as the African Trade Insurance Agency – (ATI) closed its 23rd Annual General Meetings in Kigali, Rwanda. The AGM approved the organization’s results in 2022, marked by steady performance despite a volatile post Covid-19 economic environment, globally and across Africa.

The pan-African multilateral insurer also unveiled a new brand identity. The new name, African Trade & Investment Development Insurance (ATIDI) better encapsulates its full product offering including risk mitigation and financial intervention. The brand positioning is articulated under the new strapline: Re-thinking risk – Enabling finance, which captures ATIDI’s unique approach to issues of risk in Africa and its unparalleled and deep expertise of Africa.

As the organization transitions to the new brand, it remains financially sound as reflected in its 2022 financial results highlighted below:

  • ATIDI’s total insured exposures at the close of the year reached USD8 billion, representing a year-on-year growth of more than 20%.

We would like to commend our shareholders, clients, partners, and staff for helping ATIDI steer through the challenges of an unpredictable year

  • The organization also experienced strong growth in its total assets, investment income, as well as its equity capital which stood at USD553 million as at the end of 2022. These gains compensated a modest deterioration in certain areas.
  • The Net Written Premium grew by 5% and the Gross Premium declined by 7% in the fiscal year ending December 2022 at USD133.2 million compared to the previous year’s performance of USD143.5 million
  • Net profit of USD32.8 million, a slight decline of 6% owing to increase in net claims provisions due to business growth.
  • ATIDI has declared a dividend of USD8.2M in 2022. This is the 5th consecutive year of paying dividends and this reflects the Board and Management’s confidence

ATIDI has begun implementing its corporate strategic plan for the 2023 – 2027 period, which is geared at optimizing the organization’s performance to make it more Developmental, Transformational, Robust and Reliable (DTR2). ATIDI has taken key steps to achieve ambitious goals. The organization is improving its Board effectiveness and governance through a better adapted structure, and it is implementing the International Financial Reporting Standard 17 (IFRS17) to optimize its financial and risk reporting. It is also continuing the full automation of its operational processes, in line with international best practice and putting in place a new climate policy to complement its Environmental, Social and Governance (ESG) framework and help sustainably address the rising challenges of climate change.

ATIDI is also growing its footprint by increasing the number of its member countries as well as its institutional shareholders. In April 2023, the Republic of Angola became ATIDI’s 21st African – and first Lusophone – member state through a USD25 million capital injection. Before Angola joined as a member, ATIDI already engaged in the country and covered transactions with a gross exposure of USD418M, mainly in construction, energy & gas, trade & transport, water supply and wholesale & retail. More recently, in June 2023, Japan’s Export Credit Agency, Nippon Export and Investment Insurance (NEXI), also joined our shareholder pool, with a USD14.8 million capital injection. In the past, ATIDI has provided insurance policies to protect Japanese private sector transactions on the continent for a total valued at USD4.9 billion, and through NEXI’s membership, is opening perspectives for more Japanese investors seeking business opportunities and market access in Africa.

The next AGM is scheduled to take place in Zambia, in 2024.

Quote from Mr. Manuel Moses, Chief Executive Officer, ATIDI

We would like to commend our shareholders, clients, partners, and staff for helping ATIDI steer through the challenges of an unpredictable year. Our organization is geared to achieve the goals set in our 2023-2027stratgic plan, as we continue to thrive and innovate as Africa’s premier provider of trade and investment development insurance and an enabler of our continent’s economic emergence.

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

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Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

Distributed by APO Group on behalf of Energy Capital & Power.

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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