African Trade & Investment Development Insurance

What African Trade & Investment Development Insurance does

African Trade & Investment Development Insurance (ATIDI) is a multilateral trade credit and political risk insurer headquartered in Nairobi, Kenya, founded in 2001 with support from the World Bank and the European Union. The institution is owned by 21 African member states and 13 institutional shareholders including KfW Development Bank, NEXI Japan, Chubb, CESCE Spain, and the African Development Bank Group. ATIDI was originally established as the African Trade Insurance Agency (ATI) and rebranded in 2020 to reflect its expanded continental mandate.

ATIDI's core products include Non-honoring of Sovereign or Sub-Sovereign Obligations insurance, Political Risk and Investment Insurance, Credit Risk Insurance, Surety Bonds, and Reinsurance. The Energy Solutions vertical comprises political risk cover for power projects, the Regional Liquidity Support Facility (RLSF) with initial EUR 63.2 million capacity covering payment delays from utilities to independent power producers for projects up to 50 MW, and the Transparency Tool developed with KfW to track utility payment records. The PoRSA SME Program and PoRSA Academy extend coverage and capacity building to small and medium enterprises.

ATIDI operates on a premium-based insurance model complemented by reinsurance cessions to Lloyd's of London and other global reinsurers. The institution runs on an approximately USD 1 billion capital base leveraged roughly 10x, supports trade and investment through direct engagement, six regional offices, and strategic partnerships with AfDB, KfW, EIB, MUFG, NEXI, BOAD, and MIGA. It carries an A/Stable rating from S&P and an A3/Positive rating from Moody's, has been profitable for 11 consecutive years, and has supported a cumulative USD 93 billion in trade and investment across Africa since inception.

Name

African Trade & Investment Development Insurance

Legal name

African Trade & Investment Development Insurance

Website

https://atidi.africa

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

ATIDI is a Nairobi-based multilateral trade credit and political risk insurer owned by 21 African member states and 13 institutional shareholders. It provides sovereign non-payment cover, political risk, credit insurance, surety bonds, and energy sector solutions across Africa.

Ownership category

akta.pro rank

Product category

Trade Credit and Political Risk Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241), Insurance Carriers and Related Activities (524)

SIC

Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Political Risk & Trade Credit Reinsurance (FSAOABAN)

akta.pro secondary industries

Political Risk & Trade Credit Reinsurance (FSAOADAE), Facultative Trade Credit & Surety Reinsurance (FSAOAFAK), Credit & Surety Treaty Reinsurance (FSAOAEAI)

Keywords

• Trade credit insurance
• Political risk insurance
• Investment insurance
• Surety bonds
• Reinsurance services

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Trade Credit Insurance Premiums: ATIDI generates revenue through insurance premiums charged to policyholders for coverage against payment default risks. The organization insures transactions involving governments, banks, and companies across Africa. Premium rates are based on risk assessment, transaction tenor, and counterparty creditworthiness.
2. Political Risk Insurance Premiums: Revenue from insuring investors and lenders against political risks including expropriation, transfer restriction, war and civil disturbance, embargo, and non-payment by sovereign entities. Coverage periods can extend beyond three years for FDI transactions.
3. Surety Bonds: Fees generated from issuing surety bonds that protect government agencies and contracted companies to ensure contract completion. These bonds are essential elements of contractual relationships.
4. Reinsurance Cessions: ATIDI utilizes reinsurance to protect its bottom line and increase capacity to accept significant exposures. Reinsurance arrangements with Lloyd's of London and other global partners provide both risk transfer and revenue from assumed reinsurance business.
5. Energy Solutions including RLSF: Fees and premiums from specialized energy sector solutions including the Regional Liquidity Support Facility, political risk insurance for energy projects, and liquidity support cover for independent power producers.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

ATIDI is a multilateral trade risk insurer providing political risk insurance, credit risk insurance, non-honoring of sovereign and sub-sovereign obligations cover, surety bonds, energy sector solutions (including the Regional Liquidity Support Facility and Transparency Tool), reinsurance, and claims services. Its products are designed to mitigate political and credit risks for African member states, foreign investors, banks, exporters, and independent power producers, supporting inward investment, trade finance, and infrastructure development across Africa.

Product overview

African Trade & Investment Development Insurance (ATIDI) operates as a multilateral trade risk insurer offering a comprehensive portfolio of insurance products designed to facilitate inward investment in Africa and mitigate trade and investment risks. The core product suite includes Non-honoring of Sovereign or Sub-Sovereign Obligations, Political Risk/Investment Insurance, Credit Risk Insurance, Surety Bonds, Reinsurance, and Claims services. The Energy Solutions vertical encompasses Political Risk/Investment Insurance, the Regional Liquidity Support Facility (RLSF), and the Transparency Tool. The SME Program includes PoRSA SME Program and PoRSA Academy. These products work together to address various risk scenarios across Africa's trade and investment landscape, supporting the implementation of the AfCFTA while helping member countries attract private capital.

Differentiator

Problem solved

Functional benefit

Brands

• RLSF (Regional Liquidity Support Facility): A facility to support renewable energy projects by covering independent power producers against payment delays from national utilities
• PoRSA SME Program
• PoRSA Academy
• Transparency Tool

Products and services

• Non-honoring of Sovereign or Sub-Sovereign Obligations Insurance coverage that protects against the public buyer or borrower's credit risk, including non-honoring of sovereign or sub-sovereign guarantees. Designed for lenders, contractors, and investors exposed to African government payment risk.
• Political Risk / Investment Insurance Coverage for specific political perils including expropriation, transfer restriction, war and civil disturbance, embargo, and arbitration award default. Targets foreign investors and lenders exposed to political events in African member states.
• Credit Risk Insurance Risk mitigation tool that protects against payment default risks, replacing expensive collateral such as Letters of Credit that banks often require to secure loans or lines of credit. Targeted at African exporters, banks, and companies with buyer credit exposure.
• Surety Bonds Bond product that protects government agencies and contracted companies to ensure contracts are completed according to mutually agreed terms, serving as an essential element of most contractual relationships in Africa.
• Energy Solutions Comprehensive energy sector solutions developed with support from European Investment Bank, KfW Development Bank, and Norad, encompassing political risk insurance, liquidity support, and transparency tools for renewable energy and power projects across Africa.
• Regional Liquidity Support Facility (RLSF) Facility that protects independent power producers against payment delays from national utilities, helping de-risk renewable energy projects and enable financing for projects up to 50MW (exceptionally up to 100MW). Initial capacity EUR 63.2 million.
• Reinsurance Reinsurance service using risk transfer arrangements with Lloyd's of London and other global reinsurers to protect ATIDI's bottom line and increase capacity to accept significant exposures beyond retention limits.
• Claims Claims management and recovery support service, investing reasonable effort to avert losses and compensating insured parties within contractually agreed timelines.
• PoRSA SME Program Program designed to strengthen SME access to finance and support cross-border trade through risk-sharing mechanisms, targeted at small and medium enterprises in African member countries.

Quantifiable outcome

• Supported $93 billion in trade and investment since founding in 2001
• +4 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered major and core.

• AUDA-NEPADmajorStrategic or Co-development Partner · 29 October 2025AAMFI and AUDA-NEPAD announced the USD 1.5 billion AAMFI Infrastructure Financing Facility during the Luanda Infrastructure Financing Summit. The facility aims to accelerate infrastructure projects across Africa.
• Mitsubishi UFJ Financial Group (MUFG)coreStrategic or Co-development PartnerMUFG signed MoU with ATIDI to increase Japanese investment in Africa. ATIDI, MUFG, and NEXI hosted high-level side event at TICAD9 in Tokyo to promote opportunities for more Japanese investment in Africa.
• CredendomajorStrategic or Co-development PartnerCredendo operates via partnerships with ICIEC, Lombard, and ATIDI, covering regions including Africa, the Middle East, Southeast Asia, and South America. Expanding global trade credit insurance operations through fronting partnerships.
• Alliance of African Multilateral Financial Institutions (AAMFI)coreStrategic or Co-development PartnerATIDI is a member of AAMFI, an alliance of African multilateral financial institutions. Dr. Corneille Karekezi, Group MD of Africa Re, was appointed Chairperson. AAMFI and AUDA-NEPAD launched USD 1.5 billion AAMFI Infrastructure Financing Facility.
• Trade and Development Bank (TDB) GroupcoreStrategic or Co-development PartnerTDB Group and Anzana Electric Group announced financial close of USD 35 million project finance facility for Songa Energy's 10.65 MW run-of-river hydropower projects in Burundi.
• Banque Ouest Africaine de Développement (BOAD)majorStrategic or Co-development PartnerBOAD signed non-sovereign loan portfolio cover with ATIDI to enhance investments in key economic sectors in West Africa. BOAD also became a member of AAMFI.
• Buckinghamshire (BPR) Bank Rwanda plccoreStrategic or Co-development PartnerATIDI guarantee backs lending consortium led by BPR Bank Rwanda plc for Rwanda's new international airport, boosting regional trade and integration.
• GlobeleqcoreStrategic or Co-development PartnerATIDI's RLSF supported Globeleq's 35 MW Menengai Geothermal Project in Kenya, demonstrating ATIDI's commitment to renewable energy infrastructure.
• Songa EnergycoreStrategic or Co-development PartnerATIDI supports Songa Energy's hydropower projects on Burundi's Ruvyironza River, including an operational 1.65MW plant and a 9MW run-of-river project, expanding electricity access as part of disaster risk reduction.
• Africa Reinsurance Corporation (Africa Re)coreStrategic or Co-development PartnerAfrica Re increased its equity stake in ATIDI and Dr. Corneille Karekezi, Group MD of Africa Re, was appointed Chairperson of AAMFI.
• Multilateral Investment Guarantee Agency (MIGA)coreStrategic or Co-development PartnerATIDI and MIGA partnered to streamline investments in Africa, combining their respective risk mitigation capabilities.
• African Solidarity Fund (ASF-FSA)majorStrategic or Co-development PartnerASF-FSA and ATIDI signed a Framework Cooperation Agreement to strengthen collaboration in development finance.
• Berne UnioncoreOthersATIDI was voted into the Berne Union, the association of the world's largest export credit and investment insurers, enabling collaboration and best practice sharing.
• Renewable Energy Performance Platform (REPP)majorStrategic or Co-development PartnerREPP, financed by the UK government, supported the Gigawatt Global solar project in Burundi with ATIDI providing RLSF cover.

Scale indicators11 records

Recent moves14 records

Expansion highlights6 records

Broad incumbents

• Euler Hermes: Global trade credit insurer owned by Allianz, offering political risk and trade credit insurance worldwide. ATIDI received the "Green Transactions Recognition" from Euler Hermes in 2021, and they compete for large-ticket trade credit and political risk mandates in African markets.
• Multilateral Investment Guarantee Agency (MIGA): MIGA is the World Bank Group's political risk insurance arm, offering guarantees against political risks for cross-border FDI in developing countries. MIGA and ATIDI have partnered on streamlining African investments and operate in directly overlapping political risk insurance product categories.
• Sinosure: China's state export credit agency, providing political risk and trade credit insurance for Chinese outbound investment. Increasingly relevant competitor for large-ticket African infrastructure and energy projects that ATIDI also targets.
• African Development Bank (AfDB): Pan-African development bank that recently made a $125M equity investment in ATIDI and is increasing its stake. AAMFI peer and AAMFI Infrastructure Financing Facility co-architect. Provides sovereign lending and trade finance that complements ATIDI's risk insurance offering.
• Coface: French global trade credit insurer offering credit insurance, surety bonds, and political risk cover across emerging markets. Competes directly with ATIDI for trade credit and political risk business involving African counterparties.

Direct peers

• African Reinsurance Corporation (Africa Re): Africa Re is the largest reinsurer in Africa, a fellow AAMFI member and ATIDI shareholder. Both provide reinsurance capacity for African political and credit risks, and both serve institutional and government clients across the continent.
• Credendo: Belgian trade credit insurer that explicitly partners with ATIDI to extend coverage into Africa. Their fronting partnership arrangement means they compete and collaborate simultaneously on African trade credit and political risk mandates.
• CESCE (Compañía Española de Seguros de Crédito a la Exportación): Spanish export credit agency and ATIDI institutional shareholder. Provides political risk and trade credit insurance for Spanish-African trade and is a fellow Berne Union member with directly comparable product offerings.
• Nippon Export and Investment Insurance (NEXI): Japanese export credit agency and ATIDI institutional shareholder, with active MoU to promote Japan-Africa trade and investment. Competes for Japanese-sourced FDI cover while also distributing ATIDI's products to Japanese investors.

Regional players

• Trade and Development Bank (TDB) Group: AAMFI peer multilateral DFI covering Eastern and Southern Africa, providing trade finance, project finance, and asset management. ATIDI and TDB co-finance transactions (e.g., Songa Energy Burundi hydropower) and serve overlapping African member-state clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ati_aca

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about African Trade & Investment Development Insurance