The German state-owned development bank KfW has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI), becoming the 13th institutional shareholder in Africa's premier development insurer.
KfW’s shareholding in ATIDI is expected to stimulate up to $500m in trade and investment between German companies and African markets, according to a statement released by ATIDI.
By combining KfW’s global development finance experience with ATIDI’s deep regional risk intelligence and market presence, the collaboration will help unlock new pathways for investment in strategic sectors, thus supporting sustainable growth, strengthening trade corridors and enabling investors to participate more confidently in Africa’s long-term economic transformation.
Speaking at the signing ceremony on 29 April, ATIDI CEO Manuel Moses said, "This milestone is iconic in many ways. First, it elevates our already dynamic bond with KfW and creates more opportunities for German investors looking to engage in Africa. It is also a recognition of ATIDI’s earned status as Africa’s top development insurer and the acknowledgement of the soundness of our business. Last, it underscores the power of partnerships in a global context increasingly marked by volatility and uncertainty. ATIDI will spare no effort to make this partnership a successful one."
KfW invested $32m to become a D2-class shareholder of ATIDI, a status dedicated to Export Credit Agencies and Non-African Public Entities. As such, it will assume the obligations and benefits related to its new shareholding status, including representation in ATIDI Governance and decision-making structures and equally participating towards improving German trade and investments in Africa in alignment with the G20 Compact with Africa.
KfW’s subscription in ATIDI is the culmination of a dynamic partnership between the two organisations. KfW has supported several countries’ membership in ATIDI with over $100m financing, thus strengthening the organisation’s capital base and expanding its ability to mitigate risk and mobilise private investment across African markets. The new equity participation adds a direct shareholding to this long-standing cooperation.
Established in 1948, KfW provides financing for projects in critical sectors including sustainability, infrastructure, renewable energy and small business growth in developing countries.
Founded in 2001, ATIDI has grown to become Africa’s premier provider of development insurance and one of its highest rated financial organisations. It leverages its partnerships with leading multilateral and regional bodies —including the African Union, the World Bank Group, COMESA, the European Investment Bank (EIB), the Norwegian Agency for Development Cooperation (NORAD)—to offer innovative credit and investment insurance products that foster sustainable and transformational growth across the continent.