The Pan-African Guarantee Platform (PAGP), part of the African Development Bank Group’s New African Financial Architecture for Development (NAFAD), is already operating under the management of insurer ATIDI. The AfDB confirmed this on Tuesday, 10 November 2026, following a roundtable held on 3 November at the Africa Financial Industry Summit in Luanda, Angola.
The mechanism is designed to help banks, institutional investors and development finance institutions share the risks attached to projects and credit transactions. ATIDI, which provides commercial and political risk insurance, manages the platform alongside lenders and investors, including those financing operations in local currencies.
At the meeting, ATIDI chief executive Manuel Moses said the platform was already being used ahead of a formal launch. The insurer says it has helped mobilise $94 billion in investments since it was established in 2001. Moses estimates that each dollar of capital can support between $10 and $15 in financial commitments through guarantee instruments.
The programme is backed by plans to strengthen ATIDI’s capital base. The African Development Bank Group’s board approved a $125 million equity investment in ATIDI on 22 May 2026, a decision announced on 3 June. Its partners aim to raise the insurer’s capital from about $1 billion to $2 billion and subsequently to $5 billion, expanding the volume of risks it can cover.
Pension funds are also part of the discussions about directing African savings into businesses. Speaking in Luanda, Denis Charles Kouassi, head of Côte d’Ivoire’s CNPS pension fund, called for new investment vehicles that would allow retirement funds to take equity positions. The AfDB is now inviting financial institutions and investors to bring transactions to the platform.