Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has been elected the new chairman of the African Trade Insurance Agency (ATI).
Mr Kasaija’s election took place at the 20th virtual Annual General meeting of shareholders of the African Trade Insurance Agency at the weekend.
Uganda is a founding member of ATI, which was established in 2000 as a Pan-African Institution to promote trade and investment in Africa through providing risk-underwriting solutions to companies, investors and lenders interested in doing business in Africa.
The ATI has a membership of about 20 African countries and other organisations including COMESA, African Development Bank and PTA Bank.
Kasaija takes over from Romuald Wadagni the Minister of the Economy and Finance of the Republic of Benin and he will be deputised by the Finance Minister of Ghana.
In his acceptance speech, Mr Kasaija said shareholders expect ATI to continue providing innovative solutions that will help countries manage the longer-term effects of COVID-19 pandemic.