This project marks a significant milestone as the first-ever financing initiative in Angola to benefit from a first loss cover provided by ATI. Although a recent member, ATI has already supported, and has a pipeline, in excess of USD 1 billion for Angola. Sectors supported include construction, energy & gas, infrastructure, trade & transport, water supply and wholesale & retail sectors, with supported transactions valued in excess of USD1.4B. ATI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. Since inception, ATI has supported USD78 billion worth of investments and trade into Africa.

Source: News Business Ethiopia June 23, 2023 19:11 UTC