In a much anticipated announcement, the African Trade Insurance Agency (ATI) declared that its General Assembly had approved the first ever payments to Shareholders.
The announcements comes on the heels of the ATI’S Annual General meeting held in Abidjan, where the company also announced its record-breaking 2017 financial results for the sixth consecutive.
ATI has earmarked an initial USD 2.5 million in payments to its Shareholders which include 14 African member governments.
In 2017, ATI recorded gross exposures of USD 2.4 billion and in the same period, the company covered investment and trade activities across the continent valued at USD 10 billion. ATI also posted a USD 10 million profit representing a 55% increase over 2016.
ATI owes its strong results in part to growing demand from investors and African governments for their products as the continent continues to position itself as an attractive destination for investors.