The African Trade and Insurance Organization said that it will provide insurance for risks of trade and investment, which would come as a result of low loan access, political crisis and instability.
In 2008, African nations came to understand the essence of Insource Company and were able to establish African Trade and Insurance Organization with a financial and technical support secured from the World Bank.
The organization will provide insurance for companies investing in Africa so that they could be dare enough to invest in Africa.
It also financially has backed the trade movement in Africa including in Ethiopia. Ethiopia became a member of the organization four months ago.
An expertise from Ethiopian insurance industry, Eyesuswork Zafu, said that the African Trade and Insurance, which embraced Ethiopia as a member will play significant role for trade and investment sectors.
He also said that the companies engaged investment in Ethiopia will have a big advantage.
The organizations, which so far have 12 African countries as a member so far, spend 25 billion loans for investment and trade.