(Business in Cameroon) – Since joining the African Trade & Investment Development Insurance (ATIDI) in 2021, Cameroon has secured about CFA130 billion ($224 million) in investments, thanks to the guarantees provided by this pan-African risk insurance agency. To support these projects, ATIDI itself invested $45 million, or about CFA26 billion, over the same period.
These figures were revealed on May 6 in Yaoundé by Manuel Moses, CEO of ATIDI, during the official launch of the agency’s operations in Cameroon. The announcement came as part of two workshops held in Yaoundé and Douala under the theme “Mitigating Trade and Investment Risks in Africa.”
Although Moses did not provide a full list of the projects supported in Cameroon, he confirmed that the sectors involved include renewable energy, agriculture, financial services, and trade. “We hope to do much more in Cameroon, which plays a key role in our strategy to promote investment and trade across Africa. From Cameroon, we aim to grow our presence in Central Africa,” said the CEO.
To support ATIDI’s growth in Cameroon, Minister of Finance Louis Paul Motazé, who opened the Yaoundé workshop, expressed hope that the agency would establish its Central Africa office in the country. Currently, Cameroonian projects are managed by a three-person team based in Abidjan, Côte d’Ivoire and Cotonou, Benin.
ATIDI, founded in 2001, provides insurance against political and investment risks to promote economic development in Africa. Since 2024, the Chair of its Board of Directors has been Cameroonian national Kelly Mua Kingsley. The organization operates six offices across the continent and draws its membership from African Union states, non-African countries, private companies, and international institutions.
Cameroon joined ATIDI in 2021 through an equity contribution of €11.5 million (CFA7.5 billion), funded by the European Investment Bank (EIB).
