Local importers are told to pay up front because they are unable to negotiate credit terms with their foreign suppliers as a result of default risks<\/li>\n<\/ul>\nLocal exporters suffering from non-payment and other risks as their clients in Europe and elsewhere default on payments.
\nATI offers two unique insurance products \u2013 political risk insurance also known as investment insurance, and trade credit insurance. Together these products have helped increase the competitiveness of African exporters as well as attracting foreign direct investments over the last decade. Trade credit insurance is a product that exporters in Europe and North America have been using to great benefit for decades. Exporters from these markets are insured by their national export credit agencies against risks such as non-payment, enabling them to do business anywhere in the world. This makes them more competitive than African exporters, who often trade on cash against documents or Letters of Credit terms of payment. ATI is Africa\u2019s export credit agency, offering many of the same services that could help increase Africa\u2019s competitiveness.<\/p>\n
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In this chart, the services category includes increasing capacity to the local insurance market with reinsurance products and supply of equipment to the transportation industry.<\/p>\n
Specifically, political risk insurance, is insurance that investors, whether they be African or foreign investors, can obtain to protect their business interests against government actions or politically-motivated violence that may impact negatively on their business. This provides protection for investors and lenders interested in bringing their money to Tanzania. ATI\u2019s unique advantage is that African countries such as Tanzania have invested their money to become members of the Agency, therefore governments have no reason to cause any claims. Investors are reassured by this relationship and have chosen ATI\u2019s political risk insurance over foreign-based companies, precisely because ATI is an African institution with a clear understanding of the challenges and opportunities inherent in the business environment here.<\/p>\n
To increase awareness in the Tanzanian market, ATI\u2019s Country Representative, Mr. Albert Rweyemamu and Mr. Stewart Kinloch will host a series of workshops from 6th to 7th December at the M\u00f6venpick hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"
DAR ES SALAAM, TANZANIA, 1 Dec […]<\/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-12444","post","type-post","status-publish","format-standard","hentry","category-970"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12444","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=12444"}],"version-history":[{"count":0,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media?parent=12444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/categories?post=12444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/tags?post=12444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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