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Togo: First sovereign shareholder of the African Trade Insurance Agency

14/04/2022
Source : ORISHAS FINANCE
Categories: Sectors

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11.5 million concessional loan from the European Investment Bank (EIB) and a 20 million from the KFW through the German Cooperation, increased its stake in the capital of the African Trade Insurance Agency (ACA) by the end of 2021. And thus becomes the first sovereign shareholder of the institution.

This increase in the country's participation in the capital of the Africa Trade Insurance Agency provides "greater room for maneuver and additional leverage for the financing of private sector transactions and structuring projects of the Togo 20-25 roadmap, in key sectors.

A member of the CBA since 2020 with an initial participation of 12.5 million USD, Togo now increases its participation to 35.2 million USD, i.e. a 6.7% share in the CBA.

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