Nairobi, Kenya, 29 April 2026 – The German development bank KfW acting
on behalf of and for the account of the Federal Republic of Germany has
become the latest shareholder in the African Trade & Investment
Development Insurance (ATIDI). KfW becomes the 13th Institutional
shareholder in Africa’s premier development insurer, further
strengthening the organization’s capital base and its capacity to
support trade and investment across the continent.
The official signing of the subscription agreement between the two
organizations is being marked on the occasion of a meeting held today in
Nairobi between ATIDI’s CEO and the German Federal Minister for
Economic Cooperation and Development, Reem Alabali Radovan. The new
shareholding underscores Germany’s commitment to strengthening its
economic partnership with Africa and to supporting African institutions
that facilitate trade and investment across the continent.
Speaking at the signing ceremony, ATIDI CEO Manuel Moses said, “This
milestone is iconic in many ways. First, it elevates our already dynamic
bond with KfW and creates more opportunities for German investors
looking to engage in Africa. It is also a recognition of ATIDI’s
earned status as Africa’s top development insurer and the
acknowledgement of the soundness of our business. Last, it underscores
the power of partnerships in a global context increasingly marked by
volatility and uncertainty. ATIDI will spare no effort to make this
partnership a successful one.”
KfW invested USD 32 million to become a D2-class shareholder of ATIDI, a
status dedicated to Export Credit Agencies and Non-African Public
Entities. Of this amount, USD 18.4 million are funded from BMZ budget
resources, with the remaining USD 13.6 million coming from KfW’s own
resources. As such, it will assume the obligations and benefits related
to its new shareholding status, including representation in ATIDI
Governance and decision-making structures and equally participating
towards improving German trade and investments in Africa in alignment
with the G20 Compact with Africa (CwA 2.0).
KfW’s subscription in ATIDI is the culmination of a dynamic
partnership between the two organizations. On behalf of the German
Federal Ministry of Economic Cooperation and Development (BMZ), KfW has
supported several countries’ membership in ATIDI with over USD100
million financing, thus strengthening the organization’s capital base
and expanding its ability to mitigate risk and mobilize private
investment across African markets. The new equity participation adds a
direct shareholding to this long‑standing cooperation.
“Today we reconfirm our long-standing strategic partnership with
ATIDI. Together, we intend to further enhance business opportunities for
European and German investors in Africa to create prosperity and
development for mutual benefit. Our membership is executed on behalf of
the Federal Republic of Germany. It is only the latest culmination of a
successful cooperation that has enabled the ATIDI membership of several
African states and has created innovative insurance solutions to attract
foreign investment on the continent.” Said Christiane Laibach, Member
of the Executive Board, KfW.
Established in 1948, KfW is Germany’s state-owned promotional and
development bank and a key implementing partner of BMZ in international
financial cooperation. It provides financing for projects in critical
sectors including sustainability, infrastructure, renewable energy and
small business growth in developing countries. Its shareholding in ATIDI
is expected to stimulate up to $500 million in trade and investment
between German companies and African markets.
Over the past 25 years, ATIDI has grown to become Africa’s premier
provider of development insurance and one of its highest rated financial
organizations. It leverages its partnerships with leading multilaterals
and regional bodies – including the African Union, the World Bank Group,
COMESA, the European Investment Bank (EIB), the Norwegian Agency for
Development Cooperation (NORAD) – to offer innovative credit and
investment insurance products that foster sustainable and
transformational growth across the continent.
Beyond capital, this partnership represents a powerful bridge between
European financial expertise and Africa’s rapidly expanding investment
landscape. By combining KfW’s global development finance experience
with ATIDI’s deep regional risk intelligence and market presence, the
collaboration will help unlock new pathways for investment in strategic
sectors thus supporting sustainable growth, strengthening trade
corridors and enabling investors to participate more confidently in
Africa’s long-term economic transformation.
