Cotonou, 14 April 2025 — The African Trade & Investment Development Insurance (ATIDI) held its first Board meeting of 2025 in Cotonou, Benin, a token of the country’s strategic importance in the organization’s development. On the margins of the Board meeting, the organization promoted its risk-mitigating solutions and discussed perspectives of growing its portfolio in the West African country.
ATIDI’s leadership had an audience with H.E. Romuald Wadagni, Senior Minister in charge of Economy and Finance, during which it discussed the organization’s portfolio in Benin and explored opportunities to deepen its engagements in the country.
ATIDI also presented its unique risk-mitigating solutions to media and stakeholders and demonstrated how they can help fast-track investments in transformational projects in Benin.
Benin joined ATIDI in 2013. Since then, the organization has supported investments valued at close to USD3 billion in the country across strategic sectors such as construction, finance and insurance, agriculture, forestry and fishing, energy and gas, and transportation. ATIDI notably covered the EUR350 million Asphalting Project, a transformative initiative aimed at improving urban mobility, access to basic services, and economic resilience. More recently, ATIDI provided a guarantee to the Deutsche Bank’s EUR507.5 million loan to Benin, a milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development in Benin and across Africa.
To further strengthen its footprint in the region, ATIDI established a regional office in Cotonou, Benin, in 2019.
ATIDI was founded in 2001 by seven countries (Burundi, Kenya, Malawi, Rwanda, Tanzania, Uganda and Zambia) to provide risk mitigation to investors interested in engaging in Africa. Since then, ATIDI has grown to now count 24 member States and 13 institutions in its shareholding, representing countries from Africa, Europe, Asia and North America. The organization is thriving to one day count every African country as its members and fully leverage to potential of the African Continental Free Trade Area (AfCFTA).
Quote from Manuel Moses, ATIDI CEO
“ATIDI plays an essential role in unlocking sustainable investment in Benin and across Africa. We do not deny that the continent presents its specific risks for investors. But this is no African specificity. Risk comes with any business decision. ATIDI provides solutions that allow investors to engage more in Africa, knowing that their capital is safe should unforeseen circumstances arise. This increased level of guarantee has allowed us to support milestone projects in Benin, and we are eager to do more to support initiatives that will benefit the citizens of this country.”
Quote from Aleander Amohmiyang, Regional Underwriter, Francophone Africa, ATIDI
“Benin is a priority in ATIDI’s corporate strategy. The country offers attractive perspectives, across diverse sectors, including general commerce, textile manufacturing, construction, agro-processing, transport and logistics, agriculture, and key services like finance, tourism, and telecommunications. Through our regional office in Cotonou, we are promoting our solutions to interested investors so they can leverage those opportunities and turn them into impactful investments. We have a dynamic portfolio in Benin, and are eager to make it grow, in line with the country’s development priorities.”
ATIDI will hold its 2025 Annual General Meetings and Investor Roundtable in Luanda, Angola, in June. The AGM will offer an additional platform to promote the organization’s work in Benin.
