Zambia open to investment beyond the mining sector

President Hichilema opened the 24th Annual General Meeting of the African Trade Insurance Agency (ATIDI) in Livingstone on 26 June.

During the officiation, Hichilema said that the ATIDI aims to be a premier pan-African risk mitigation institution which is working towards transforming Africa to develop it into a prime location for trade and investment.

The President served as the Chairperson for the ATIDI Board, when it was known as the African Trade Insurance Agency.

He stressed the need for Africa to change its course through regional cooperation and integration. The Chairperson for the Board of ATIDI, Yohannes echoed the President’s vision, and reiterated that the institution is committed to advancing economic sustainability across the continent.

ATIDI’s mission is to develop the support for insurance in Africa, including coinsurance, reinsurance, guarantees and other financial instruments and services to promote trade and investment in cooperation with the private sector.

The organisation currently insures trades and investments worth over $8 billion. Manuel Moses, ATIDI’s CEO disclosed that its investment portfolio in Zambia was worth around $1.2 billion.