Project: Agricultural Exports

The agricultural sector is steadily expanding in Zambia but high fuel costs, difficult access to financing, and a difficult export market present challenges. Since 1960, a major farm near Lusaka has grown vegetables for export to international markets and, in the 1980’s, it added roses to its export products.

Employing 3,800 workers, the farm needed Export Credit Risk Insurance to protect itself against non-payment of its buyers in the Netherlands, New Zealand, South Africa and the United Kingdom. ATI stepped in with a Whole Turnover Credit Risk Insurance cover to protect the company’s export sales.

Maximum Sum Insured: $1.7 million