Nairobi — The African Trade Insurance Agency (ATI) and Sovereign Risk Insurance (SRI) announced Thursday last week they would jointly provide a political risk insurance policy to support a US$20.75 million loan made by the Industrial Development Corporation (IDC of South Africa) to a Uganda hotel developer, AYA Investments.
AYA Investments is developing a Kampala Hilton Hotel in Kampala but the $90 million project had run into financial trouble, which resulted into egg on the government of Uganda that supported the developers to the hilt.
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