The Minister of Economy and Finance, Mr. Romuald WADAGNI, proceeded to the official opening of the Regional Office for West Africa of the Agency for Trade Insurance in Africa (ACA) this Wednesday 03 July 2019 in Cotonou. This opening is the crowning of a fruitful six-year relationship between the Republic of Benin and the Agency. Benin is the first country in West Africa to guarantee its sovereign loans in foreign currency using the credit risk insurance of the Agency for the Insurance of Trade in Africa, thus attracting the first commercial financing of international banks of Benin.

Finally, the Minister of Economy and Finance reassured the officials of the agency of the total availability of the Government of Benin to support them in promoting their tools in the sub-region.

The Acting Director General of the African Trade Insurance Agency, Mr. John LENTAIGNE, expressed his joy to see the opening of the Regional Office for West Africa become a reality. The choice of Benin to host this institution in West Africa results from the fact that the agency has already insured more than one million dollars of investment risk in Benin. This constitutes, according to him, a great mark of confidence given to Benin by his institution.

It should be noted that ACA is a pan-African insurer of “political” investment risk and “commercial” credit risk. As a result, ACA contributes to improving risk perception in Africa in order to attract more investment to the continent. The risks, both real and perceived, have in the past helped reduce investor appetite for Africa.
ACA’s West African Office located in Cadjehoun in Cotonou will be the focal point for activities in West Africa.

The launch of the Bureau is one of the activities that will take place in Cotonou, on the sidelines of the ACA Annual General Assembly, from July 3 to 5, 2019.

As part of this assembly and in close collaboration with the Government of Benin, ACA will also organize its 6th annual investor roundtable on Thursday, July 4, 2019, followed by the General Assembly itself on July 5 at the Golden hotel. Tulip The Diplomat.

Official website:
www.ati-aca.org