Daily Archives: May 11, 2017
ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer
The African Trade Insurance Agency (ATI) (www.ATI-ACA.org), held its 17th Annual General Meeting today. The sustained commodity price decline and current geopolitical uncertainties took centre stage. Meeting participants urged African governments to intently focus on growing intra-African trade and diversifying their economies away from commodity reliance in order to reduce vulnerability to external shocks. With sub-Saharan Africa’s GDP growth rates expected to hit a record low of 1.5% depressed commodity rates are seen to be one of the major drivers with export producers accounting for two-thirds of the region’s growth.
2016 saw a boom of property and real estate development in many African cities with Mauritius capitalizing on property ownership and expanding the countries per capita wealth. These developments are happening on the fast rise and thus, a need for a sustainable strategy for managing the sector in Africa for a prolonged benefit. On August 24th and 25th 2017, API Events (www.APIevents.com) will be holding the 8th annual API Summit & Expo (www.APIsummit.co.za) in Johannesburg. The 2017 API Summit and Expo promises to delve in-depth into each of these topics, and more, with participation from over 35 countries, 600 delegates and 250 companies, providing insights, thought-leadership and solution-focused tools.