AFRICAN TARDE INSURANCE - EQUITY


Overview

  • Reference: P-Z1-H00-004
  • Approval date: 13/12/1901
  • Start date: 01/01/2002
  • Appraisal Date: 11/04/2012
  • Status: OngoingOnGo
  • Implementing Agency: --
  • Location: MULTINATIONAL

Description

An equity investment of USD15 million in the African Trade Insurance Agency (ATI) to increase its capital base. The increased capital is needed to allow ATI to underwrite more business in political and credit insurance to meet strong demand as well as to enhance overall profitability.


Key contacts

NGANDU Willy Budibunene - PISD2


Costs

Finance source Amount
ADBUSD 9,739,817
DeltaUSD 17
TotalUSD 9,739,800