This transaction falls under a Supply Agreement between two global companies, one a manufacturer of telecommunications equipment while the other provides mobile telephone services. ATI is insuring receivables from the supply and installation of network connectivity equipment and related accessories in several African countries.
The Democratic Republic of Congo, Kenya and Tanzania account for more than half of the mobile telephone market in the East and Central African region, among the fastest growing regions on the continent. The number of subscribers in Kenya is projected to grow by 87% in the next five years, ensuring that Kenya remains an attractive market for investors.
Maximum Sum Insured: $2.1 million