{"id":12327,"date":"2023-08-07T14:26:14","date_gmt":"2023-08-07T14:26:14","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=12327"},"modified":"2023-08-07T14:26:14","modified_gmt":"2023-08-07T14:26:14","slug":"atidi-seeks-to-increase-its-business-in-senegal","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=12327","title":{"rendered":"ATIDI seeks to increase its business in Senegal\u00a0"},"content":{"rendered":"<p><strong>The African Trade &amp; Investment Development Insurance (ATIDI) completed a workshop on \u201cDe-risking trade and Investments in Africa\u201d during which it presented its risk-mitigation product range and discussed how Senegal could benefit from it with private investors, decision-makers and development partners.<\/strong><\/p>\n<p>The workshop was a highlight of ATIDI\u2019s official launch in Senegal, during which ATIDI\u2019s Management also met with several members of the Senegalese government, notably H.E. Mamadou Moustapha B\u00e2, Minister of Finance and Budget, to discuss how the organization can further support the financing of priority projects in line with Senegal\u2019s national development framework, the Plan for an Emerging Senegal (PES).<\/p>\n<p>\u201cSenegal is a priority country for ATIDI. We are already engaging in the country, but are now looking to do more, in line with the development priorities outlined in the PES. We have had fruitful discussions with a large array of stakeholders in this respect and we are convinced that our unique offering and positioning as the premier pan-African provider of trade and investment development insurance will allow us to help catalyze private investment for the benefit of Senegal and its people,\u201d Manuel Moses, CEO, ATIDI.<\/p>\n<p>Welcoming ATIDI\u2019s commitment to the country, Senegal\u2019s Minister of Finance and Budget H.E. Mamadou Moustapha B\u00e2 said 60% of the Plan for an Emerging Senegal is expected to be financed by private investments.<\/p>\n<p>\u201cIn the present sluggish global and regional economic environment, achieving this ambitious goal requires offering investors attractive opportunities, but also solid guarantees against multiple risks. ATIDI is an essential partner in that space, as it offers investors an extra layer of security and so allows them to confidently pursue and even increase their engagements in projects that will transform our country and improve the well-being of our fellow citizens,\u201d Hon. Moustapha said.<\/p>\n<p>Senegal became ATIDI\u2019s 20th member state in December 2021 with a subscribed capital contribution of EUR15 million, following financial support from the European Investment Bank (EIB).<\/p>\n<p>To date, ATIDI has an active pipeline in Senegal valued at CFA 390 billion (USD658 million) in the energy and gas, financial and insurance activities &amp; trade, and transportation sectors.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-12329\" src=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2023\/08\/Photo2-e1691418045370.jpg\" alt=\"\" width=\"1478\" height=\"694\" srcset=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2023\/08\/Photo2-e1691418045370.jpg 1478w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2023\/08\/Photo2-e1691418045370-600x282.jpg 600w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2023\/08\/Photo2-e1691418045370-250x117.jpg 250w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2023\/08\/Photo2-e1691418045370-1000x470.jpg 1000w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2023\/08\/Photo2-e1691418045370-768x361.jpg 768w\" sizes=\"(max-width: 1478px) 100vw, 1478px\" \/><\/p>\n<p>ATIDI has grown from operating in just seven countries in 2001, into a pan-African institution with 21 member countries, present across Africa with a significant global reach. ATIDI is now implementing its 2023 \u2013 2027 corporate strategic plan which sets ambitious goals for the organization\u2019s growth and impact on Africa\u2019s development. The multilateral pan-African insurer recently rebranded from ATI to ATIDI, an identity that provides a better fit to its growing stature as the multilateral trade and investment insurer on the continent.<\/p>\n<p><strong>About ATIDI<\/strong><\/p>\n<p>ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since its inception, ATIDI has supported USD78 billion worth of investments and trade into Africa. For over a decade, ATIDI has maintained an \u2018A\/Stable\u2019 rating for Financial Strength and Counterparty Credit by Standard &amp; Poor\u2019s, and in 2019, ATIDI obtained an A3\/Stable rating from Moody\u2019s, which has now been revised to A3\/Positiv.<\/p>\n<p>&nbsp;<\/p>\n<h3>Source: Mike Omuodo\/Senegal<\/h3>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The African Trade &amp; Investment Development Insurance (ATIDI) completed a workshop on \u201cDe-risking trade and Investments in Africa\u201d during which it presented its risk-mitigation product [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,1],"tags":[3081],"class_list":["post-12327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-news","category-world-news","tag-atidi-seeks-presences-senegal-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ATIDI seeks to increase its business in Senegal\u00a0 - Express News Ghana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/expressnewsghana.com\/?p=12327\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ATIDI seeks to increase its business in Senegal\u00a0 - Express News Ghana\" \/>\n<meta property=\"og:description\" content=\"The African Trade &amp; 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