ATI to double cover on Zimbabwe

Africa Trade Insurance Agency (ATI) says it will double its insurance cover on Zimbabwe to $500 million this year amid increased interest from investors.

Zimbabwe became a member of ATI last year with Africa’s export credit agency providing cover worth $250 million against political and credit risks.

ATI chief executive George Otieno told NewsDay that his organisation had “so much business coming through particularly through PTA Bank and other banks” with cover provided on energy projects.

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