The African Trade & Investment Development Insurance (ATIDI), and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group, part of World Bank Group Guarantees, have signed a three-year partnership to accelerate foreign direct investment across Africa. This is the second agreement between the two organizations aimed at maximising development impact, according to the information from ATIDI. Manuel Moses, CEO, ATIDI said: “Enabling more investment to finance transformational projects is vital to Africa’s sustained development. Each party will regularly share operating standards and procedures to help identify comparable outcomes to further both organizations’ development mandates. “Our partnership with ATIDI will enable us to support countries in Africa in scaling and replicating development projects, thereby accelerating prosperity.

Source: News Business Ethiopia October 15, 2024 12:37 UTC