Nairobi, Kenya, 29 April 2026 – German development bank KfW, working on behalf of the Federal Republic of Germany, has joined the African Trade & Investment Development Insurance (ATIDI) as its 13th institutional shareholder. As a result, ATIDI’s capital base is stronger and its ability to support trade and investment across Africa is enhanced.
ATIDI’s CEO and German Federal Minister for Economic Cooperation and Development, Reem Alabali Radovan, met in Nairobi to sign the agreement. Moreover, this new shareholding signals Germany’s strong commitment to a deeper economic partnership with Africa and to supporting African institutions that drive trade and investment.
CEO Manuel Moses called the milestone “iconic in many ways.” He said the partnership deepens ATIDI’s relationship with KfW and opens new doors for German investors in Africa. Furthermore, Moses praised ATIDI’s reputation as Africa’s leading development insurer and highlighted the importance of strong partnerships in an uncertain global economy. “ATIDI will spare no effort to make this partnership a successful one,” he said.
KfW invested USD 32 million to become a D2-class shareholder in ATIDI, a status reserved for Export Credit Agencies and Non-African Public Entities. Notably, USD 18.4 million comes from the BMZ budget, while KfW provides USD 13.6 million from its own resources. KfW now assumes full rights and responsibilities as a shareholder. This includes representation on ATIDI’s governance and a direct role in boosting German trade and investment in Africa as part of the G20 Compact with Africa (CwA 2.0).
Acting on behalf of the German Federal Ministry of Economic Cooperation and Development (BMZ), KfW has helped more countries join ATIDI by providing over USD 100 million in financing. This support has boosted ATIDI’s capital base and increased its ability to reduce risk and attract private investment in Africa. Now, KfW’s equity stake further strengthens this cooperation.
Christiane Laibach, Executive Board Member at KfW, said, “Today, we reconfirm our long-standing strategic partnership with ATIDI. Together, we will further enhance business opportunities for European and German investors in Africa, creating prosperity for mutual benefit. Our membership is on behalf of the Federal Republic of Germany. Importantly, this is the latest step in a successful cooperation that has enabled ATIDI membership for several African states and developed innovative insurance solutions to attract foreign investment.”
Founded in 1948, KfW is Germany’s state-owned development bank and a key partner of BMZ in global financial cooperation. KfW funds projects in sustainability, infrastructure, renewable energy, and small business growth across the developing world. Its stake in ATIDI is expected to generate up to $500 million in trade and investment between German companies and African markets.
For 25 years, ATIDI has led Africa’s development insurance sector, earning top financial ratings on the continent. ATIDI works closely with partners like the African Union, World Bank Group, COMESA, European Investment Bank (EIB), and Norway’s NORAD. Together, they offer innovative credit and investment insurance that drives sustainable growth across Africa.
This partnership goes beyond capital. It builds a powerful bridge between European financial expertise and Africa’s fast-growing investment markets. By uniting KfW’s global finance know-how with ATIDI’s deep regional insight, the partnership will unlock new investment pathways in key sectors. It will support sustainable growth, expand trade corridors, and help investors take part more confidently in Africa’s economic transformation.
