The Agency forInsurance of Trade in Africa (TO THAT) posted a net profit up 132% to $ 27.7 million in 2019, continuing over 8 years of uninterrupted growth. During this financial year, the return of capital exceeded 10%, a first since the creation of the institution. Gross exposure increased from US $ 383.8 million to US $ 6.4 billion.
To perpetuate its model and its privileged creditor status, the agency which held its board of directors on July 17, 2020 set up a risk department in 2019 and considerably strengthened its claims department, contributing to a result exceptional technique. The agency’s portfolio is exposed first to West Africa at 41% or $ 2.6 billion, East Africa to 30% and Central Africa to 5.5% . The ACA ultimately aspires to be the leading insurer of the political and commercial risks of choice on the African continent, as Benjamin Mugisha, Acting Underwriting Director, interviewed in the annual report recalled.
The agency provides various products such as credit insurance, political risk and investment insurance, insurance against political violence, terrorism and sabotage, surety and, among others, reinsurance.
The ACA member states are Benin, Burundi, Côte d’Ivoire, Ethiopia, Ghana, Kenya, Madagascar, Malawi, Uganda,
Democratic Republic of the Congo, Rwanda, South Sudan, Tanzania, Zambia and Zimbabwe. Nigeria is in the process of ratifying to join the ACA. Membership in ACA is open to all member states of the African Union, non-African states, private companies and other regional and international institutions.