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Africa Trade Insurance Agency refuses cover to companies in South Sudan

December 24, 2013 - 6:00am

African Trade Insurance Agency Ltd. has refused to issue coverage to companies in South Sudan as the nation has yet to sign up to the ATI's membership treaty, Kenyan newspaper The Star reported.

George Otieno, the company's chief executive, said "this line of insurance falls under the heading of political risk insurance and ATI is therefore not permitted by its treaty to offer this cover in countries that are not members."

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