The German development bank KfW acting on behalf of and for the account of the Federal Republic of Germany has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI). KfW becomes the 13th Institutional shareholder in Africa’s premier development insurer, further strengthening the organization’s capital base and its capacity to support trade and investment across the continent.
The official signing of the subscription agreement between the two organizations is being marked on the occasion of a meeting held today in Nairobi between ATIDI’s CEO and the German Federal Minister for Economic Cooperation and Development, Reem Alabali Radovan. The new shareholding underscores Germany’s commitment to strengthening its economic partnership with Africa and to supporting African institutions that facilitate trade and investment across the continent.
