Tanzania has reaffirmed its commitment to strengthening access to development finance and boosting investment across Africa following its participation in the 26th Annual General Meeting of the African Trade and Investment Development Insurance (ATIDI) held in Nairobi, Kenya.
The Deputy Minister for Finance, Eng. Mshamu Ali Munde, represented the Minister for Finance, Ambassador Khamis Mussa Omar, at the high-level meeting that brought together African government leaders, development finance institutions, private sector actors and international partners to deliberate on ways to improve the continent’s investment environment.
The meeting was officially opened by Kenya’s Vice President, Prof. Kithure Kindiki, who emphasized the need for stronger regional cooperation to unlock financing for development projects and accelerate Africa’s economic transformation.
Eng. Munde said the discussions reflected Africa’s growing determination to mobilize more financial resources to support development priorities, improve business conditions and expand investment opportunities across the continent.
He noted that limited access to affordable capital remains one of the key challenges facing many African countries in implementing strategic development projects, especially in infrastructure, energy and industrialization.
According to him, strengthening institutions such as ATIDI is critical in addressing investment risks and attracting both local and international investors into major development projects.
He said ATIDI has continued to expand its financial capacity through support from major development finance partners, including the African Development Bank (AfDB) and Germany’s Development Bank (KfW), which have injected additional capital into the institution.
“This strengthening of ATIDI’s capital base will enhance its ability to provide investment insurance, reduce risks for investors and support the implementation of large development projects in member countries, including Tanzania,” he said.
Delegates at the meeting noted that improving access to long-term development finance is essential for achieving sustainable economic growth in Africa.
They called for stronger collaboration between governments, development banks and regional financial institutions to ensure affordable and reliable funding for key projects.
The meeting also highlighted the importance of innovative financing approaches, including partnerships between governments, development finance institutions and investment risk insurers, as a way of boosting investor confidence and lowering the cost of capital.
Participants further stressed the need to increase investment in priority sectors such as manufacturing, energy, infrastructure, small and medium enterprises (SMEs), and green economy initiatives, which are seen as key drivers of inclusive growth and job creation across Africa.
The AGM also approved ATIDI’s Annual Report and Audited Financial Statements for the year 2025, which indicate continued improvement in the institution’s performance in reducing investment risks and supporting development financing in member states.
Tanzania’s participation in the meeting reflects the government’s continued commitment to engaging in regional and international platforms aimed at strengthening trade, attracting investment and expanding access to development finance for national development priorities.
ATIDI currently has 24 member states, including Tanzania, Kenya, Uganda, Burundi and Ethiopia, as well as 14 institutional shareholders such as the African Development Bank (AfDB), Germany’s Development Bank (KfW) and the Trade and Development Bank (TDB).
