According to a programme released by the organisers in Dar es Salaam last week, the board met on Monday and AGM is scheduled for Wednesday. ATI was founded in 2001 by COMESA countries through the financial and technical support of the
It is a multilateral financial institution providing export credit insurance, political risk insurance, investment insurance and other products to help reduce the business risks and costs of doing business in
Experts say as opposed to ordinary insurers, ATI deals with political risks and other transactions such as export credit insurance and syndicated debts.
Political risks include incidents like wars, nationalisation and government acquisition of property and investments for various reasons.
There is no doubt that a person in his or her proper senses cannot resist to invest in Somalia, where the Al Shaabab kill people and destroy property worth billions of dollars on daily basis.
The same is the case in
Countries were expected to attend the meeting include
ATI is currently able to conduct business in 10 African countries, which are
There are several reasons for Tanzanians to be happy in hosting ATI annual meetings this week, because it has supported a broad range of projects in virtually all the sectors of the country's economy.
The sectors include energy, agricultural, financial, and manufacturing. ATI helped the country to attract a total of
Examples of ATI involvement include offering specialty insurance - investment and trade credit insurance - to protect against business risks such as payment default that may be caused by governments or private companies. A few years ago, ATI reportedly supported Tanesco to secure a syndicated loan of
In its over 10 years existence, ATI has helped a lot to boost investments and trade flows into the African continent, because it is an institution that understand the continent's risks.
ATI has also served to positively influence on how the rest of the world views African risks and shattered the myth that this is a black and hopeless continent.
The UN, in fact, estimates that
ATI is truly,
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