Africa-Press – Zimbabwe. YOKOHAMA, JAPAN–The African Trade & Investment Development Insurance (ATIDI) will assist governments to remove barriers that impede the growth of the private sector on the continent, its chief executive officer, Manuel Moses, said on Thursday.
There have been calls that the private sector is not coming to the party amid concerns of an unfavourable environment for the industry to thrive.
According to Moses, the public sector alone cannot bridge the “enormous gap” in financing required for infrastructure development, job creation, and sustainable growth.
He said a shared vision for Africa demands harnessing the power of private sector capital, innovation, and expertise.
“ATIDI will collaborate with governments to streamline regulatory frameworks, reduce barriers to entry, and foster an enabling environment for private enterprise. Our insights and data-driven recommendations will support informed policy making,” he said at the public-private sector dialogue during the ninth edition of the Tokyo International Dialogue for African Development (TICAD 9).
Moses said the multilateral insurer will work to identify and promote investment opportunities within Africa’s emerging sectors, such as renewable energy, agribusiness, manufacturing, and the digital economy.
“By creating a bridge between investors and project developers, we aim to accelerate project realisation,” he said.
He said that as Africa faces growing climate and systemic risks, integrating resilience into investment is essential and the multilateral insurer was committed to devising projects through political risk insurance and credit enhancement, especially in vulnerable markets.
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