Nairobi, 20 September, 2021- The Board of Directors of the African Trade Insurance Agency (ATI) is pleased to announce the appointment of Ms. Gladys Muthoni Karuri to the position of Chief Financial Officer (CFO) and Ms. Linda Bwakira to the position of General Counsel & Company Secretary, effective September 2021.
Ms. Karuri, a Kenyan national, joins ATI from Britam Holdings Plc. where she served as the Principal Executive Director. She is a highly experienced finance leader, with over 22 years’ experience across Africa and the United Kingdom, having held a number of Management roles and Board Membership positions. As the CFO, Ms. Karuri will be a key asset in executing ATI’s financial and strategic priorities focused on value-added growth and ATI’s commitments to all stakeholders.
Ms. Bwakira, a citizen of Burundi and France, joins ATI from African Reinsurance Corporation (Africa Re), where she served as the Corporate Secretary and General Counsel. Prior to Africa Re, she held various senior positions at Trade & Development Bank (TDB). She also worked as a Legal Counsel at the Paris based Natixis Group and IXIS Corporate and Investment Bank and in different international law firms in Europe. As ATI’s General Counsel and Company Secretary, Ms. Bwakira will lead strategic legal initiatives, providing actionable counsel within the organization and supporting the Board in developing and maintaining best practices in governance policies and procedures.
Commenting on the appointments, Mr. Manuel Moses, the Chief Executive Officer said, “I am pleased to welcome Ms. Karuri and Ms. Bwakira to ATI. Their collective experience and competence will be invaluable in the attainment of ATI’s strategic growth ambitions and impact across Africa. I am confident that they will provide great leadership and are an excellent addition to ATI’s Management team.”
Press Release 2021/2009/Nairobi
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Sheila Ongas
Communications Officer
African Trade Insurance Agency
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About The African Trade Insurance Agency
ATI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. In 2020, ATI closed the year with a gross exposure of US$6.3 billion and a net profit of US$39.4 million, owing to a strong demand for ATI’s insurance solutions from the international financial sector and from African governments. Since inception, ATI has supported US$66 billion worth of investments and trade into Africa. For over a decade, ATI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATI obtained an A3/Stable rating from Moody’s.
