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Togo: First sovereign shareholder of the Agency for Trade Insurance in Africa

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

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Golgolgole has, thanks to a concessional loan of €11.5 million from the European Investment Bank – EIB) and a €20 million grant from KFW through cooperation Germany, increased its stake in the capital of the Agency for Trade Insurance in Africa (ACA) at the end of 2021. And thus becomes the first sovereign shareholder of the institution.

This increase in the country's stake in the capital of the African Trade Insurance Agency offers "greater room for manoeuvre and additional leverage for the financing of trade insurance in Africa". private sector transactions and the structuring projects of the Togo 20-25 roadmap, in key sectors".

ACA member since 2020 with an initial stake of USD 12.5 million, Togo now increases its stake to USD 35.2 million, or a 6.7% share in the ACA.

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