Africa-Press – Tanzania. THE African Trade and Investment Development Insurance (ATIDI) has backed 7.8 billion US dollars in trade and investment projects in Tanzania, underscoring its role in driving economic growth and boosting regional trade across Africa.
The announcement came during the ATIDI Board Meeting held in the country yesterday where the Minister for Finance, Ambassador Khamis Omary, said that Tanzania has been a key partner in ATIDI’s work for more than 25 years.
“ATIDI has been instrumental in reducing risks that constrain investment and in strengthening investor confidence, helping mobilise capital into infrastructure, energy and private sector projects that will drive Tanzania’s long-term economic growth and regional trade integration,” he said.
Amb Omary said that among the government projects supported by ATIDI through the provision of guarantees is the Standard Gauge Railway (SGR), one of the largest projects contributing significantly to the country’s economic growth.
He said that this partnership has delivered substantial benefits and has driven progress across multiple sectors. Amb Omary added that the private sector, particularly insurance companies, plays a crucial role in enabling development projects.
He said the development projects include providing guarantees, insurance products, and risk management tools to ensure that investments are secure.
He said such partnerships help build investor confidence and promote economic development in Tanzania and across Africa. On his side, the Chief Executive Officer of ATIDI, Mr Manuel Moses, said that the organisation aims to fill the gap created by risk, which he described as the real constraint to investment in Africa.
“The real constraint in Africa is not opportunity but risk. Without the right tools to manage it, capital cannot flow at scale. That is the gap ATIDI aims to fill. As one of our founding member states, Tanzania has been central to our journey over the past 25 years and today remains a strategic market for unlocking investment and trade across Africa,” said Mr Moses.
He added, “By reducing risk and strengthening investor confidence, we are helping mobilise capital into the infrastructure, energy, and private sector projects that will drive Tanzania’s long-term economic growth and regional trade integration. Mr Moses said that when risk is properly managed, capital flows and when capital flows, development accelerates.
Resident Underwriter for ATIDI in Tanzania, Tusekile Kibonde, added that the organisation provides specialised risk-mitigation solutions to help unlock investment and improve access to finance across Africa.
“ATIDI is a specialist provider of risk-mitigation solutions that help unlock investment and enable access to finance across Africa,” he said.
Minister Omary also emphasised the importance of private sector participation and global partnerships to ensure large-scale projects are implemented safely.
