Africa is ready for more trade and investment. It is true that disconcerting challenges, such as the COVID-19 pandemic, the economic knock-on effects of the Russia-Ukraine conflict, high inflation and tighter macroeconomic guidelines, have combined to slow the region's growth to -3.6% in 2022, up from 4.1% in 2021. However, a slow recovery after the pandemic cannot eclipse the quasi-unexplored potential, opportunities and resilience of a single consumer market of 1.2 billion people under the Area of African Continental Free Trade (AfCFTA). True to Africa's proverbial resilience, several countries, including ATIDI member states such as Benin, Ivory Coast, Niger, Democratic Republic of the Congo, Kenya, Rwanda, Tanzania and Uganda, managed to maintain their growth amid the global economic gloom .
ATIDI, formerly known as ATI, is committed to supporting Africa accelerate its recovery by offering risk mitigation solutions that catalyze transformational trade and investments on the continent. Our 2023 Annual General Meetings in Kigali confirmed the strong results of our organization despite operating in an unpredictable environment. Highlights include:
a) Our gross exposure increased by 22%, from $6.6 billion in 2021 to $8 billion in 2022
b) Our investment portfolio also increased by 14%, thanks to additional capital and reinvestment of dividends from shareholders, income generated by our underwriting business and additional equity capital, bringing our total capitalization to 553 million American dollars.
c) Finally, we maintained our A/Stable and A3/Stable ratings with Standard & Poor's and Moody's (with an upgrade to a positive outlook) respectively, thereby strengthening our ideal position to mitigate risk for our clients and partners.
Beyond solid financial health, ATIDI is preparing to accelerate its growth.
Article source: the africa report