{"id":12299,"date":"2019-07-09T16:17:11","date_gmt":"2019-07-09T13:17:11","guid":{"rendered":"https:\/\/www.atidi.africa\/mufg-signs-mou-with-the-african-trade-insurance-agency\/"},"modified":"2019-07-09T16:17:11","modified_gmt":"2019-07-09T13:17:11","slug":"mufg-signs-mou-with-the-african-trade-insurance-agency","status":"publish","type":"post","link":"https:\/\/www.atidi.africa\/ja\/mufg-signs-mou-with-the-african-trade-insurance-agency\/","title":{"rendered":"MUFG signs MoU with the African Trade Insurance Agency"},"content":{"rendered":"<p><strong>4 July, Cotonou &#8211;<\/strong> MUFG Bank, Ltd. (MUFG) and the African Trade Insurance Agency (<a href=\"https:\/\/www.ati-aca.org\/ati-launches-operations-in-ghana-presence-expected-to-boost-industrialization-and-debt-sustainability-efforts\/\">ATI<\/a>), Africa\u2019s only multilateral trade and political risk insurer, today signed an agreement that will allow for increased cooperation and information sharing in order to support <a href=\"https:\/\/www.ati-aca.org\/ati-launches-operations-in-ghana-presence-expected-to-boost-industrialization-and-debt-sustainability-efforts\/\">ATI<\/a>\u2019s member countries as well as MUFG\u2019s clients in Africa.<\/p>\n<p>The Memorandum of Understanding was signed at the <a href=\"https:\/\/www.ati-aca.org\/annual-general-meeting\/\">Annual General Meeting<\/a> of ATI today, held in Cotonou, Benin.<\/p>\n<p>MUFG has been working with ATI over the last 12 months to leverage ATI\u2019s status as a supranational organisation and enhance their standing within the London insurance market to better structure transactions for the benefit of the region.<\/p>\n<p>With ATI\u2019s support, MUFG has recently delivered two successful transactions: an innovative structured finance for the Republic of Benin, the country\u2019s very first commercial financing involving international investors, and C\u00f4te d\u2019Ivoire\u2019s issuance of the first ever Social Loan by an African sovereign government. This privately placed Social Loan financing evidences C\u00f4te d\u2019Ivoire\u2019s robust efforts to set world-class standards for governance, transparency and sustainability in the achievement of its economic and social development objectives.<\/p>\n<p>Both transactions introduced a new class of investors to their respective governments, delivering long tenor financing at extremely competitive costs of financing.<\/p>\n<p>Christopher Marks, Head of Emerging Markets at MUFG in EMEA, said: \u201cIt is fantastic that we are now able to utilise ATI to support our clients and business in Africa, particularly when handling trade flow and investment.<\/p>\n<p>\u201cThis MoU has cemented the existing working relationship between the two entities, ensuring a strong, positive and respectful partnership remains between ATI and MUFG.\u201d<\/p>\n<p>John Lentaigne, Acting Chief Executive of ATI said: \u201cIt is a great honour for ATI to formalize our strategic partnership with Japan\u2019s largest bank as both institutions look to support each other in developing innovative financing solutions for Africa\u2019s governments and corporates. The last 12 months have seen ATI and MUFG partner to deliver on a number of major transactions and we have no doubt that even greater opportunities lie ahead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>4 July, Cotonou &#8211; MUFG B [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970],"tags":[],"class_list":["post-12299","post","type-post","status-publish","format-standard","hentry","category-970"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/comments?post=12299"}],"version-history":[{"count":0,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12299\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media?parent=12299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/categories?post=12299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/tags?post=12299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}