Kenya’s shareholding in African Trade Insurance Agency (ATI) has been diluted further following a $14.8 million (Sh2 billion) equity injection by Japan’s export credit agency Nippon Export and Investment Insurance (NEXI) into the pan-African underwriter.
The Japanese agency’s capital outlay is now the equivalent of 3.2 percent of total capital by investors in the underwriter, effectively bumping down the shares attributable to the other shareholders.
