You are currently viewing The African Trade Insurance Agency(AIT) welcomes the Republic of Angola
The African Trade Insurance Agency(AIT) welcomes the Republic of Angola

The African Trade Insurance Agency(AIT) welcomes the Republic of Angola

With a subscribed capital contribution of USD 25 million, ATI is pleased to welcome the Republic of Angola as its 21st African Member State and first Lusophone Member State.

Angola’s membership was made possible by funds from its government’s National Treasury as well as revenue from the historic BITA water project, a historic public investment in the development of infrastructure for the treatment, distribution, and storage of drinking water for Angola’s 2.5 million inhabitants.

‘’We are happy to support Angola in its quest to economic diversification and becoming an agricultural powerhouse on the African continent. Angola’s membership is timely as ATI’s risk mitigation and credit enhancement services will act as a catalyst for strengthening and diversifying Angola’s economy, supporting both increased investment, exports and trade under Africa’s continental framework of the AfCFTA. Manuel Moses, CEO, ATI said’’

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