NEXI becomes newest member of ATI

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has made capital subscription of USD 14.8Million investment to the African Trade Insurance Agency (ATI) to become the newest member of the Africa’s credit and political (investment) risk insurer.

By amendment to the Trade Insurance and Investment Act in of 2022, NEXI was granted authority of capital investment into foreign entities that conduct trade insurance with the aim strengthen international cooperation.

NEXI has thereafter completed all necessary procedures, including necessary approval from the Ministry of Trade, Economy and Industry of Japan, to become member of ATI.

NEXI will continue to actively support business expansion overseas of Japanese companies.

Quote from Manuel Moses, Chief Executive Officer, ATI
“I sincerely congratulate NEXI for becoming the newest institutional shareholder of ATI. In recent years, ATI and NEXI have held a strong working relationship towards promoting trade and investment between Japan and Africa under the auspices of TICAD and I am happy that our strategic collaboration has culminated into NEXI’s equity investment in ATI as shareholder. We are confident that as Japan expands its FDIs and footprint into Africa, its membership in ATI will not only improve our institution’s capacity to support trade and investment across the continent, but will also attract more Japanese investors seeking for business opportunities in Africa’s population of over 1.2 billion people in the single market, under the African Continental Free Trade Area (AfCFTA).”

Quote from Atsuo Kuroda, Chairman and CEO, NEXI
“I am truly honored to be able to announce that NEXI is now officially member of ATI. We are extremely grateful of all the guidance and support from ATI during the entire process. As member of ATI from this point on, NEXI will continue to work closely with ATI to encourage more Japanese companies to make international trade and investments into Africa.”

＜Overview of ATI＞
ATI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATI can insure the full spectrum of debt or equity investments. Specifically, ATI covers political/investment risks, performance risks and commercial risks. As at December 2022, ATI had supported US$78 billion in trade and investments across Africa in sectors such as agribusiness, energy, exports, housing, infrastructure manufacturing, mining and telecommunications. For over a decade, ATI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATI obtained A3/Stable rating from Moody’s, which has now been upgraded from Stable to Positive in Q1-2023.
http://www.ati-aca.org/

Contact:
International Relations Group, Planning and Policy Department
Tel: #81-(0)3-3512-7665