Date

8 May 2012

Further information

External link

(Sudan Tribune, Nairobi, 16 May 16 2012) – South Sudan, has joined the membership of the African Trade Insurance (ATI) agency which insures investment and political risks in the continent… Established in 2001 the billion-dollar multilateral financial institution provides export credit insurance, political risk insurance, investment insurance and other financial products to help reduce the business risks and costs of doing business in Africa… ATI has membership of more than ten African countries including Kenya, which chairs it as well as international and regional financial institutions such as the World Bank, the African Development Bank and major companies in the private sector… In 2011 alone, ATI was able to facilitate a 188 percent increase in trade and investment into Africa valued at over US$3.5 billion dollars, according to its annual report, with Kenya and Tanzania for instance, each received over US$1 billion dollars worth of trade and investment in vital projects such as energy, roads and water sectors.