Project: Supply and Installation of Telecommunication Equipment

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 telecommunications market in Malawi has undergone a mini revolution with the privatisation of the national company, MTL, and the introduction of wireless broadband networks and mobile data services. The current mobile telephone penetration is one of the lowest in Africa at 14%. Growth opportunity combined with the government’s commitment should ensure that this sector remains a bright spot contributing to Malawi’s economic development.

Maximum Sum Insured: $2.7 million