The African Trade Insurance Agency (ATI) has announced the appointment of Manuel Moses as its new Chief Executive Officer (CEO).
Toavina Ramamonjiarisoa, ATI’s Chief Financial Officer (CFO) will fill the position of Acting CEO, until Moses’ start date on 1st November, 2020.
Additionally, Benjamin Mugisha has been confirmed as the substantive Chief Underwriting Officer (CUO). Mugisha, a Senior Underwriter, who joined ATI in 2010, has been Acting CUO for the past year.
The Board paid tribute to Cyprien Sakubu’s dedication during his 19 years of service on the occasion of his retirement. Sakubu’s most recent role was General Counsel and Corporate Secretary.
ATI has confirmed these key senior-level positions that will play an important role in steering critical support to member governments.
During its recently concluded virtual 20th annual meeting, ATI’s shareholders ratified the appointment of Manuel Moses as the new CEO based on the Board’s recommendation.
Moses is a Zimbabwean national, who brings 15 years of experience from the IFC, where he most recently held the post of Country Manager of Kenya.
ATI’s business operations also received a boost with the appointment of Mr. Benjamin Mugisha as the substantive Chief Underwriting Officer. Mugisha has been the Acting CUO for one year and brings considerable experience to the position.
He joined ATI in 2010 and has served various functions including as ATI’s Uganda Representative, where he was responsible for field offices in Burundi, Rwanda and Uganda; and, subsequently as Senior Underwriter, where he managed ATI’s day-to-day business and a portfolio of international financial partners.
The Board also recognised the substantial contribution and 19 years of service to ATI by Cyprien Sakubu, the General Counsel and Corporate Secretary, who has recently retired from the institution.
The Board has constituted a special committee to oversee the recruitment of a new General Counsel and in the interim, Elizabeth Mutafungwa, the current Legal Expert, has been appointed Acting General Counsel.
ATI is increasingly recognized by the IMF, S&P, Moody’s and others as a strategic development institution for Africa that is well-positioned to provide effective support to its member governments through the pandemic.
Specifically, with the support of ATI, governments are able to manage their growing debt levels by re-profiling their costlier and riskier debts and replacing them with longer-term, cheaper debts from international commercial lenders.
