The
United Bank for Africa (UBA) Plc has announced a partnership with the African
Trade Insurance Agency (ATI) to ease the flow of credit to clients engaging in
regional and international trade.
A
statement from the bank yesterday revealed that the partnership was sealed in
Kenya on Monday, after officials of both institutions led by the Chief
Executive Officer, UBA Africa, Mr. Kennedy Uzoka and ATI’s Chief Executive
Officer, George Otieno signed the agreement to formalise the deal.
Under
the agreement, ATI would provide insurance cover for eligible UBA Group
transactions with its political risk and trade credit insurance products. The
risk mitigation services would provide an alternative to collateral for
