{"id":480105,"date":"2024-10-11T15:05:53","date_gmt":"2024-10-11T15:05:53","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=480105"},"modified":"2024-10-11T16:13:27","modified_gmt":"2024-10-11T16:13:27","slug":"atidi-announces-election-of-new-board-leadership","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2024\/10\/11\/atidi-announces-election-of-new-board-leadership\/","title":{"rendered":"ATIDI Announces Election of New Board Leadership"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<ul class=\"wp-block-list\">\n<li>At its recently concluded Board Meeting, Professor Kelly Mua Kingsly was elected as the new Chair of the Board and Ms. Christina Westholm- Schr\u00f6der was elected as the new Vice Chair of the Board.<\/li>\n\n\n\n<li>ATIDI was recently upgraded by Moody&#8217;s from A3\/Positive to A2\/Stable \u2013 while S&amp;P affirmed its A\/Stable rating, reflecting the organization\u2019s strong financial management and strategic direction.<\/li>\n<\/ul>\n\n\n\n<p><strong>Nairobi, 11 October 2024 <\/strong>\u2014 At its 101st meeting held on 5 October 2024, the Board of Directors of the African Trade Insurance Agency (commonly known as the African Trade &amp; Investment Development Insurance \u2013 ATIDI), announced the election of Professor Kelly Mua Kingsly as the new Chair of the Board. He is deputized by Ms. Christina Westholm- Schr\u00f6der. The election of the new Board leadership follows the appointment of new Board Members by ATIDI\u2019s Annual General Meeting in line with ATIDI\u2019s continued commitment to strong corporate governance. <\/p>\n\n\n\n<p>The new Board, which includes ATIDI\u2019s first Independent Director, will play a critical role in steering the organization\u2019s strategic direction and governance, further enhancing the organization\u2019s efforts to foster sustainable growth across the continent. Professor Kelly is the Director of Finance Operations at the Ministry of Finance&#8217;s Directorate General of Treasury in Cameroon. <\/p>\n\n\n\n<p>In this capacity, he has been instrumental in designing and implementing strategies for monitoring public revenue and expenditure, preparing comprehensive financial reviews and spearheading public finance reforms. In addition to his role at the Ministry of Finance, Professor Kelly serves as the Censor at the Central Bank of Central African States (BEAC) and represents Cameroon at the Regional Advisory Commission on Financial Markets (COSUMAF). His recent appointment as Cameroon&#8217;s designated representative with the United Nations Development Program and the European Investment Bank for GEF projects underscores his commitment to managing climate finance and enhancing regional debt resilience. <\/p>\n\n\n\n<p>Ms. Westholm-Schr\u00f6der is Sovereign\u2019s Chief Underwriter and Senior Vice President, with more than 35 years of experience in the political risk insurance industry. She is responsible for all aspects of Sovereign&#8217;s transactional underwriting and also leads Sovereign\u2019s successful cooperation with multilaterals and export credit agencies. <\/p>\n\n\n\n<p>Prof. Kelly\u2019s election as the first Cameroonian Board Chair has a significant impact on fostering relationships and networks within the CEMAC (Central African Economic and Monetary Community) and the broader West African region. His role is set to facilitate collaboration among member states, enhance trade relations and promote regional integration. <\/p>\n\n\n\n<p>For more information on the membership process, visit <\/p>\n\n\n\n<p>https:\/\/www.atidi.africa\/investor- relations\/membership-process\/<\/p>\n\n\n\n<p><strong>Quote from Prof. Kelly, ATIDI Board Chair<\/strong> &#8220;Together with ATIDI\u2019s leadership, my vision is to support best corporate governance practices within ATIDI and drive economic growth that benefits the continent. I also aim to expand ATIDI\u2019s outreach and visibility across Africa. I encourage all CEMAC countries to consider applying for membership in ATIDI, as this will further strengthen regional cooperation and open new avenues for economic collaboration. I also take this opportunity to express my deep appreciation to the outgoing Board Chairman and his team for their outstanding leadership in bringing ATIDI to such a level of performance.\u201d<\/p>\n\n\n\n<ol start=\"0\" class=\"wp-block-list\"><\/ol>\n\n\n\n<p><strong>Quote from Manuel Moses, ATIDI CEO<\/strong><\/p>\n\n\n\n<p>\u201cWe welcome our new Board of Directors, led by Prof. Kelly, whose vision and leadership will be instrumental in guiding ATIDI&#8217;s future. With the Board\u2019s diverse expertise, we expect that we will drive impactful initiatives that foster sustainable trade and investment across Africa. This new leadership team will further enhance our outreach efforts and engage our stakeholders more effectively, creating a stronger and more connected community. Together, we are poised to make a significant difference in the economic landscape of the continent.&#8221;<\/p>\n\n\n\n<p>ATIDI was recently upgraded by Moody&#8217;s from A3\/Positive to A2\/Stable \u2013 while S&amp;P affirmed its A\/Stable rating, reflecting the organization\u2019s strong financial management and strategic direction. This positive assessment positions ATIDI well as it implements its 2024-2027 strategy, which aims to expand its footprint and strengthen its impact across the region. The Board&#8217;s support will be crucial in navigating this ambitious strategy, ensuring that ATIDI leverages its strengths and address challenges effectively. Their insights and networks will be vital ATIDI seeks to build new partnerships and enhance its investment initiatives.<\/p>\n\n\n\n<p>Prof. Kelly succeeds Dr. Yohannes Ayalew Birru who has diligently served for two consecutive terms of three years. He was deputised by Ms. Hope Murera, the Managing Director of Zep- Re. During their leadership, ATIDI\u2019s member states increased from 14 to 24. Similarly, gross exposure increased from USD4.8million to USD9.6 billion, profits from USD12 million to USD69.1 million and assets from USD419 million to USD837 million.<\/p>\n\n\n\n<p><strong><em>About ATIDI<\/em><\/strong><\/p>\n\n\n\n<p><em>ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI <\/em><em>has maintained an \u2018A\/Stable\u2019 rating for Financial Strength and Counterparty Credit by Standard &amp; Poor\u2019s, and in 2019, ATIDI obtained an A3\/Stable rating from Moody\u2019s, which has now been <\/em><em>upgraded to A2\/Positive. <\/em><em>www.atidi.africa<\/em><\/p>\n\n\n\n<p><\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Nairobi, 11 October 2024 \u2014 At its 101st meeting held on 5 October 2024, the Board of Directors of the African Trade Insurance Agency (commonly known as the African Trade &amp; Investment Development Insurance \u2013 ATIDI), announced the election of Professor Kelly Mua Kingsly as the new Chair of the Board. He is deputized by<\/p>\n","protected":false},"author":527180,"featured_media":480108,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8027],"tags":[21180],"class_list":{"0":"post-480105","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-non-classe-en","8":"tag-atidi","9":"post_format-post-format-aside","10":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ATIDI Announces Election of New Board Leadership - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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