Annual General Meeting - African Trade Insurance Agency

Due to the impacts of Covid-19 on international travel and the potential health and safety of participants, the 2020 Annual General Meeting (AGM) activities, scheduled to take place in Kampala, Uganda, was cancelled. The Annual Meeting of Shareholders was convened virtually on 17 July 2020.

About the Annual Meeting

Each year, typically in May or June, the General Assembly of the African Trade Insurance Agency (ATI) hold their Annual Meeting to discuss and agree upon resolutions on a range of administrative issues impacting the organisation and its membership. Most notably, the meeting provides an opportunity to approve and welcome new members into ATI. The meeting, hosted by the country’s Head of State or their designate Minister of Finance, brings together government delegations from ATI’s member countries and institutions along with prospective members.

2021 will mark ATI’s 20th anniversary celebrations, which will be held alongside the AGM. Details of the exact venue will be announced once it is confirmed.

2020 – 2021 AGM Bureau

This year’s virtual AGM, hosted on 17 July 2020, elected a new Chairman, Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija. The Minister will preside over the General Assembly for the next one year, replacing Hon. Romuald Wadagni, the Minister of Economy and Finance of the Republic of Benin.

Other elected members of the Bureau of the General Meeting were the Minister of Finance of Ghana, Hon. Kenneth Ofori-Atta who took over as Vice Chairperson of the General Meeting and the Minister of Finance of Rwanda, H.E. Dr. Uzziel Ndagijimana, who took over as the Secretary of the General Meeting.

In his acceptance speech, Hon. Kasaija said shareholders expect ATI to continue providing innovative solutions that will help countries manage the longer-term effects of COVID-19 pandemic.

I wish to note that ATI is financially sound and this gives the organization a strong basis to safeguard its business against the negative consequences of COVID-19,” said Mr Kasaija, adding that he looks forward to working with all stakeholders during his term of office.

About ATI’s Annual Roundtable

This unique event, which is also called ATI’s Investor Day, takes place on the sidelines of ATI’s Annual General Meeting. The objective of this event is to provide a platform for African governments and both international and local private sector players to speak honestly and openly about challenges facing investors in some countries and alternately the obstacles to African governments in accessing financing.

Political/investment and trade credit risks play an important role in this dynamic. With billions needed to fund priority infrastructure projects in Africa, the risk profile and rating of individual countries weighs on the projects these governments hope to finance, which reduces their financing options. Ultimately, African governments are faced with sub-investment grade ratings and a perception of the high risk that may or may not be accurate. To properly address these obstacles,  Africa requires a sustained focus on increasing public-private participation to fill existing and future funding gaps. Governments will need to develop relationships with the private sector that are based on trust, transparency and a willingness to improve the business climate in their countries. The Roundtable provides a platform to support this dialogue in a morning of candid discussions on how to improve the bankability of African projects.

Due to the candid nature of the discussions and the high-level participants, the event is by-invitation-only.

For more information on the AGM and Roundtable, email agm.ati@ati-aca.org

To register, click here.

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