{"id":12329,"date":"2018-01-10T12:30:29","date_gmt":"2018-01-10T09:30:29","guid":{"rendered":"https:\/\/www.atidi.africa\/south-sudan-becomes-latest-member-country-ati\/"},"modified":"2018-01-10T12:30:29","modified_gmt":"2018-01-10T09:30:29","slug":"south-sudan-becomes-latest-member-country-ati","status":"publish","type":"post","link":"https:\/\/www.atidi.africa\/ja\/south-sudan-becomes-latest-member-country-ati\/","title":{"rendered":"South Sudan becomes the latest member country of ATI"},"content":{"rendered":"<p><strong>NAIROBI, 9 January,<\/strong> <strong>2018<\/strong> \u2013 In his New Year message President Salva Kiir Mayardit emphasized the need to build a peaceful, prosperous, secure, and stable South Sudan. The country\u2019s now completed membership in the African Trade Insurance Agency (ATI) underscores this message. With financial support from the African Development Bank, The Republic of South Sudan was able to complete its membership with an initial share capital subscription of USD7.8 million.<\/p>\n<p>ATI supports African countries like South Sudan by covering risks to companies and investors doing business in its member countries. The company covers investment and trade risks ranging from breach of contract to non-payment and government expropriation. ATI\u2019s specialist insurance products frequently underpin major investments within Africa. The products make cross-border investments attractive to lenders, traders and equity investors and ultimately, they help increase foreign direct investments into Africa.<\/p>\n<p>ATI plays a unique role in African markets \u2013 it has both a commercial and a developmental mandate, enabling it to support fragile countries to achieve economic recovery. ATI paves the way for international investors to reap opportunities in these emerging markets. Ultimately, ATI\u2019s presence offers assurance to investors and international financiers that their investments will be protected in the event of specific country risks.<\/p>\n<p>ATI has been on a growth trajectory since 2012 averaging 25% growth in profits annually and expanding its footprint across Africa. The company is on track to log record results for the sixth consecutive year having supported well in excess of USD2 billion in insured trade and investments across Africa in 2017 alone. ATI also plans to pay its first dividends to shareholders this year.<\/p>\n<p>South Sudan is the fourth country in a growing list of new member countries to join ATI since 2014. These include Benin, C\u00f4te d\u2019Ivoire, Ethiopia and Zimbabwe. The combined population of ATI\u2019s member countries is now around 500 million, reflecting the substantial opportunities for investors in ATI member states.<\/p>\n<p>\u201cWe are delighted to welcome South Sudan as the 14th African country to join ATI. Our continued geographic and financial growth reflects the significant demand for our products and recognition of our ability to provide strong support to our member countries. We look forward to partnering with South Sudan to help the country build a stable and strong economy,\u201d noted George Otieno, the CEO of ATI.<\/p>\n<p>Recognizing ATI\u2019s catalytic role in African economies, ATI\u2019s membership push into new countries is supported by the African Development Bank (\u201cAfDB\u201d), which to date has provided a combined USD30 million in concessional loans for the membership subscriptions of Ethiopia and C\u00f4te d&#8217;Ivoire as well as an increase in the capital subscription of Benin and partial payment of Zimbabwe\u2019s subscription reflecting AfDB\u2019s catalytic role in African economies. Burkina Faso, Cameroon, Ghana, Mali and Nigeria are the countries expected to join in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, 9 January, 2018 \u2013 In  [&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-12329","post","type-post","status-publish","format-standard","hentry","category-970"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12329","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=12329"}],"version-history":[{"count":0,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media?parent=12329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/categories?post=12329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/tags?post=12329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}