Côte d’Ivoire has significantly increased its financial stake in the Insurance for the Development of Trade and Investment in Africa (ATIDI), solidifying its role as a key player in African trade and investment.
The decision was announced by Minister of Communication and government spokesperson Amadou Coulibaly following the Council of Ministers meeting
The government has ratified a €50 million (approximately 32 billion FCFA) financing agreement with the European Investment Bank (EIB), signed on December 27, 2024.
This funding will boost Côte d’Ivoire’s contribution to ATIDI’s capital, positioning the country as the agency’s largest shareholder.
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According to Minister Coulibaly, this strategic move will enhance Côte d’Ivoire’s access to ATIDI’s insurance solutions, offering greater protection against payment defaults for businesses, investors, and lenders.
The increased investment is expected to drive international trade and attract both domestic and foreign investments, with a particular focus on strengthening the private sector.
“This operation marks a significant step toward fostering economic growth and expanding trade opportunities in Côte d’Ivoire,” Coulibaly stated, emphasizing the country’s commitment to supporting robust financial mechanisms across Africa.
