- The COBAC registered Atidi on its list of public financing and guarantee institutions benefiting from a risk weighting coefficient of 0 %.
This decision means that banks and others financial institutions regulated by COBAC can now benefit from a requirement for Reduced equity When their commitments are covered by Atidi. - This decision should particularly support Initiatives in the crucial sectors for sustainable development in the region
Naijerobi, le 5 from 2025 – The Banking Commission of Central Africa (COBAC), during its ordinary session held in March 2025 in Libreville, Gabon, officially approved the inclusion of insurance for the development of trade and investment in Africa (ATIDI) on its list of public financing and guarantee institutions benefiting from a risk weighting of 0% in the context of the prudential regulations applicable to the CEMAC zone.
This important decision is part of the COBAC regulation relating to the coverage and risk sharing, which allows a risk weighting of 0 % for exposures to institutions that meet rigorous criteria in matters of financial, governance and quality of credit. It also testifies to the financial solidity of Atidi, the robustness of its risk management system as well as its central role in the promotion of trade and investment through the African continent.
Atidi has a solid financial seat, with equity amounting to $ 791.5 million at the end of December 2024. Created in 2001 by seven African countries, Atidi’s mission is to attract more foreign direct investments in Africa by attenuating the risks linked to trade and investment by the supply of specialized insurance solutions. Since 2008, the organization has maintained a high financial notation, namely ‘a/stable’ awarded by Standard & Poor’s, for its financial solidity and its quality of credit as a counterpart. More recently, the organization has obtained from Moody’s the note of A3, enhanced at A2/positive, thus consolidating its reputation among the most reliable institutions on the continent.
Operating in more than 24 African countries, Atidi plays a decisive role in reducing investment and trade risks by proposing insurance and credit insurance covers. In the CEMAC zone, Atidi has covered transactions totaling more than 1,000 billion FCFA (around 1.4 billion dollars) in sectors such as financial services, energy, agriculture, forestry, fishing and construction.
Cobac’s decision has considerable advantages. Financial institutions operating from the CEMAC zone can now deal with their exhibitions in Atidi as risk exemptions in calculating equity requirements, thus strengthening their ability to participate in commercial and investment transactions guaranteed by the organization. This measure will help improve liquidity, reduce loan costs and stimulate regional economic integration as well as development. Approval by COBAC strengthens the growing recognition of the status of Atidi by regulators and other key actors across Africa and at international level, and confirms the vision of the organization, namely to transform risk into opportunities in Africa.
Quote from Manuel Moses, Managing Director of Atidi
“We are honored by the Cobac’s decision to recognize Atidi as a zero risk weighting institution. This major step confirms the solidity of our financial and institutional base, and strengthens our capacity to support banks and other investors across Central Africa. It also testifies to our commitment to opening up business and investment prospects capable of transforming African economies. »»
About Atidi
Atidi was created in 2001 by African states to provide coverage against risks linked to trade and investment incurred by companies carrying out activities in Africa. The ACA mainly provides insurance covers against political risk, insurance-credit and scope insurance. Since its creation, Atidi has supported investments and international trade transactions worth $ 88 billion in Africa. For more than a decade, Atidi has retained the “A/Stable” note awarded by Standard & Poor’s for financial solidity and the counterpart credit, and in 2019 obtained Moody’s the A3/Stable note, which is now revised at A2/Positive.
www.atidi.africa
