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Japan’s export credit agency acquires $14.8M stake in insurer ATI

Japan’s export credit agency acquires $14.8M stake in insurer ATI

  • Japan’s Export Credit Agency, NEXI is the newest shareholder of ATI, with a $14.8 million capital injection.
  • The two organisations have a long-standing strategic partnership of boosting Japanese investment and trade across Africa.
  • NEXI provided reinsurance support to ATI for Sumitomo’s investment in Safaricom Ethiopia.

The African Trade Insurance Agency (ATI) has welcomed Nippon Export and Investment Insurance (NEXI) as its latest shareholder, as Japan’s export credit agency joins the Pan-African guarantee institution.

NEXI’s capital injection of $14.8 million further strengthens the enduring and expanding partnership between Africa and Japan. The deal syncs within the framework of the Tokyo International Conference on African Development (TICAD). Through this collaboration, ATI and NEXI will facilitate Japanese trade and promote Foreign Direct Investment (FDI) into Africa.

Promoting Japan-Africa trade

“Our strong collaboration with NEXI in recent years fostered within the TICAD framework has been instrumental in promoting trade and investment between Japan and …

The post Japan’s export credit agency acquires $14.8M stake in insurer ATI appeared first on The Exchange.

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