Innovation and resilience common themes amongst winners of African Banker Awards 2021 africanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanews.com Daily Mail and Mail on Sunday newspapers.
ATI ( www.ATI-aca.org ) has shown great resilience and posted a net profit growth of 43% and a Gross Exposure of USD 6.3 billion amidst the COVID-19 Global Pandemic; ATI is increasing its capital base and footprint across the African continent through support from the African Development Bank (AfDB), the European Investment Bank (EIB) and the German Development Bank (KfW); As it marks its 20 th Anniversary, the Nairobi based Pan-African insurer has pledged a more robust, reliable and transformational strategic approach to its business offerings.
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ESCOM, Malawi’s national power utility, made timely payments to the Ruo-Ndiza Hydroelectric power plant for 22,578 MWh of electricity supplied to the utility throughout 2020; The payments have been collected and recorded by the Transparency Tool, a joint initiative of ATI (www.ATI-aca.org) and KfW; This is the first report being published by the Transparency Tool since its launch in 2019.
The Transparency Tool, an online platform that collects and provides information on the payments of national power utilities to Independent Power Producers (IPPs) across sub-Saharan Africa, has recorded an impressive payment trend in Electricity Supply Corporation of Malawi Limited (ESCOM). The utility’s payments were to the Ruo-Ndiza hydroelectric power project, the country’s sole operational renewable energy IPP.