Kenya's shareholding in African Trade Insurance Agency has been marginally diluted following entry of four new investors, the largely political risk and investment guarantee firm has said. Chief executive George Otieno said Kenya's stake has dropped to about 12 per cent from 15 per cent. UK’s national export credit agency, UK Export Finance, has also acquired undisclosed stake in ATI, joining African Development Bank and Italian Export Credit Agency as non-state shareholders. Kenya's stake is expected to drop further to about 10 per cent in the near-term, Otieno said, with more countries lining up for a stake in the insurer. “We are increasingly viewed as a strategic partner in Africa, helping investors and our member countries attract vital foreign investments,” Otieno said.

Source: The Star May 07, 2017 21:56 UTC