Project: Expansion of a cement plant

Fueled by the demand of a booming construction industry, cement production is big business in East Africa. In Rwanda, a local cement producer supplying to the domestic market and neighbouring Burundi, Eastern Democratic Republic of Congo and Uganda needed to expand production to meet the growing demand. To support this expansion, a regional bank provided a lending facility for a period of six years. Before the deal could be finalised, the Bank sought ATI insurance to protect its loan against non-payment arising from political risks.

With the loan in place, the cement producer is on the way to boosting production capacity from 100,000 to 600,000 tonnes per year. High tech additions also promise greater efficiencies that will see the plant eventually service expected regional demand of 1.1 million tonnes by 2020.

Maximum Sum Insured: $26.4 million