The African Energy Guarantee Facility (AEGF) is an initiative of the European Investment Bank. It is part of the support that the EIB pledged to the United Nation’s Sustainable Energy for All (SE4All). EIB has identified African Trade Insurance as its strategic partner, and helped ATI to develop the competencies need to support SE4All initiatives in ATI member countries.
AEGF is not a separate product, but an initiative that provides ATI with access to a large pool of insurance capacity. It enables us to insure important projects that normally would not fall within our capacity.
EIB will issue guarantees to Munich Re, one of the world’s largest and best-rated reinsurers. MunichRe will then reinsure ATI for its SE4All eligible business.
Projects that are eligible to benefit from this capacity must meet specific requirements: