Project: Exports of Fresh Produce

A Kenyan agri foods exporter obtained ATI’s insurance to protect against non-payment of their United Kingdom-based buyers.

The agriculture industry is Kenya’s top foreign exchange earner, replacing the recession-impacted sectors of tourism and remittances. The global economic downturn has impacted negatively on this sector as exporters face increasing risks of non-payment by their foreign buyers due to a drop-off in global demand and an increasing level of insolvencies. This project supports the survival of a vital sector that contributes 60% of the country’s total earnings and employs 75% of the population.

Maximum Sum Insured: $55,000