{"id":12357,"date":"2015-10-23T13:04:46","date_gmt":"2015-10-23T13:04:46","guid":{"rendered":"https:\/\/www.atidi.africa\/positive-developments-in-q-3-fuels-atis-expansion-plans\/"},"modified":"2015-10-23T13:04:46","modified_gmt":"2015-10-23T13:04:46","slug":"positive-developments-in-q-3-fuels-atis-expansion-plans","status":"publish","type":"post","link":"https:\/\/www.atidi.africa\/ja\/positive-developments-in-q-3-fuels-atis-expansion-plans\/","title":{"rendered":"Positive developments in Q-3 fuels ATI\u2019s expansion plans"},"content":{"rendered":"<p><strong>NAIROBI, 23 October 2015\u00a0\u2013<\/strong>September was a good month for the African Trade Insurance Agency (ATI). The African Development Bank Group (AfDB) announced that it had approved a combined US$30 million soft loan to fund the membership of C\u00f4te d&#8217;Ivoire and Ethiopia and to increase the capital base of Benin. In the same month, international rating agency, Standard &amp; Poor\u2019s (S&amp;P) announced that it had reconfirmed ATI\u2019s \u2018A\/Stable\u2019 rating for the seventh consecutive year.<\/p>\n<p>This news comes against a backdrop that reflects a strong and growing balance sheet. The additional $30 million from AfDB will increase ATI\u2019s share capital to over $200 million. And ATI\u2019s preliminary forecast projects that the company will easily reach, and likely surpass its financial targets in <a href=\"https:\/\/www.ati-aca.org\/wp-content\/uploads\/2020\/01\/Underwriter.pdf\">underwriting<\/a> and overall results in 2015.<\/p>\n<p>The AfDB\u2019s announcement adds momentum to ATI\u2019s mid-term objective to increase membership, which will help broaden its base of business across Africa while spreading its risk concentration.<\/p>\n<p>\u201cWe are bullish about ATI\u2019s three-year outlook. Our strong balance sheet and credibility through our S&amp;P rating plus the more than $18 billion we\u2019ve helped our existing member countries attract into their economies, helps us to make the case that joining <a href=\"https:\/\/www.ati-aca.org\/fr\/wp-content\/uploads\/sites\/5\/2018\/08\/A-propos-dATI.pdf\">ATI<\/a> is a winwin,\u201d notes George Otieno, <a href=\"https:\/\/www.ati-aca.org\/fr\/wp-content\/uploads\/sites\/5\/2018\/08\/A-propos-dATI.pdf\">ATI<\/a>\u2019s Chief Executive Officer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, 23 October 2015\u00a0\u2013Sept [&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-12357","post","type-post","status-publish","format-standard","hentry","category-970"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12357","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=12357"}],"version-history":[{"count":0,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12357\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media?parent=12357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/categories?post=12357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/tags?post=12357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}