KfW Development Bank Boosts German Investment in Africa with ATIDI Partnership
Nairobi, Kenya – April 29, 2026 – In a significant move to strengthen economic ties between Germany and Africa, KfW Development Bank, acting on behalf of the Federal Republic of Germany, has become a shareholder in the African Trade and Investment Development Insurance (ATIDI). This partnership marks a pivotal moment for both organizations and promises to unlock new investment opportunities across the African continent.
KfW’s investment of USD 32 million makes it the 13th institutional shareholder in ATIDI, Africa’s leading development insurer. The agreement, formally signed today in Nairobi during a meeting between ATIDI’s CEO and the German Federal Minister for Economic Cooperation and Development, Reem Alabali Radovan, underscores Germany’s commitment to supporting African institutions that facilitate trade and investment.
“This milestone is iconic,” stated ATIDI CEO Manuel Moses. “It strengthens our relationship with KfW, creating more avenues for German investors in Africa. It’s also a recognition of ATIDI’s standing as Africa’s top development insurer and a testament to the soundness of our business. This partnership highlights the power of collaboration in a world facing increasing volatility.”
A Strategic Investment for Enhanced Opportunities
As a D2-class shareholder, KfW will assume responsibilities and benefits including representation in ATIDI’s governance and decision-making structures. The investment is expected to stimulate up to $500 million in trade and investment between German companies and African markets, aligning with the G20 Compact with Africa (CwA 2.0).
Of the USD 32 million investment, USD 18.4 million is funded through the German Federal Ministry of Economic Cooperation and Development (BMZ) budget, with the remaining USD 13.6 million coming from KfW’s own resources.
Long-Standing Cooperation and Future Growth
KfW’s involvement with ATIDI extends beyond this new shareholding. On behalf of BMZ, KfW has previously supported the membership of several African states in ATIDI with over USD 100 million in financing, bolstering the organization’s capital base and expanding its ability to mitigate risk.
“Today we reconfirm our long-standing strategic partnership with ATIDI,” said Christiane Laibach, Member of the Executive Board, KfW. “Together, we aim to enhance business opportunities for European and German investors in Africa, fostering prosperity and development for mutual benefit.”
About ATIDI and KfW
Established in 2001, ATIDI provides political risk, credit, and surety insurance, having supported USD 93 billion in investments and cross-border trade into Africa. It holds strong credit ratings from Standard & Poor’s (A/Stable) and Moody’s (A2/Stable). ATIDI was recognized for its impact, earning the Development Finance Institution (DFI) of the Year award at the 2025 African Banker Awards.
KfW Group, founded in 1948, is Germany’s state-owned promotional bank and a key implementing partner of BMZ in international financial cooperation. It focuses on critical sectors like sustainability, infrastructure, renewable energy, and small business growth in developing countries.
This partnership represents a powerful synergy between European financial expertise and Africa’s dynamic investment landscape, paving the way for sustainable growth, strengthened trade corridors, and increased investor confidence in Africa’s economic transformation.
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