IEA News
ATIDI announces a financial contribution of $40,000 to Street Child in Burundi to finance the construction of six classrooms in two primary schools as a sustainable educational response for displaced children in Gatumba, Burundi
Burundi has been confronted with frequent climate change related disasters, including torrential rains mixed with heavy wind as well as the rising waters of Lake Tanganyika. The education sector has been affected harshly, and suffered severe material damages, resulting in the impracticability of school infrastructure
The project is in support of SDGs 4 which aim to provide quality education and aligns with the priorities outlined in Burundi's National Development Plan for 2018-2027 and the Ministry of National Education and Scientific Research's Sectoral Plan for 2020-2023.
Bujumbura, September 12, 2024 - The African Trade & Investment Development Insurance (ATIDI) has announced a financial contribution of $40,000 to Street Child in Burundi. This contribution is aimed at improving educational opportunities for displaced children in Gatumba and reflects ATIDI's dedication to tackling critical social issues and promoting sustainable development. Through its CSR programs, ATIDI is committed to advancing sustainable development, addressing pressing social challenges, and fostering economic stability across Africa.
Burundi has recently experienced severe climate change-related disasters, including heavy rains, strong winds, hail, and rising Lake Tanganyika waters, causing frequent flooding. This has led to repeated displacement of families, particularly affecting children and adolescents who represent over 60% of internally displaced persons. The education sector has been severely impacted, with at least 80% of schools in Gatumba suffering from flooding, damaged classrooms, and lost educational materials, putting over 30,000 children at risk of not completing their school year.
Commenting on the donation, ATIDI CEO Manuel Moses said, "Education is the cornerstone of sustainable development, and we at ATIDI are committed to making a meaningful difference in the lives of children in Burundi. By supporting the construction of these classrooms, we are investing in the future of these young minds and fostering long-term growth across the continent. We are proud to partner with Street Child Social Action for Development (S.A.D.) for this vital project."
ATIDI's support has therefore facilitated the successful construction and equipping of six permanent classrooms in two primary schools, "Kigwati" and "Village du Développement." This initiative now provides educational access to at least 300 children affected by the Gatumba floods. The project aligns with Burundi's National Development Plan for 2018 -2027 and the Ministry of National Education and Scientific Research's Sectoral Plan for 2020 - 2023.
Street Child Country Representative in Burundi Jolien Van den Broeck thanked ATIDI for the generous support, adding that the donation was more than just building classrooms, but restoring hope and creating opportunities for displaced children in Gatumba.
"At Street Child, we believe that every child deserves the chance to learn, no matter their circumstances. Together with ATIDI, we are committed to making a lasting impact on the most vulnerable communities in Burundi," Broeck said.
Beyond constructing classrooms, the project emphasizes the promotion of education for all children, community mobilization, and active participation in regular and effective monitoring. The objective is to ensure that the local community, administration, and stakeholders understand the merits of the project, fostering a sense of ownership. This collaborative approach will engage all parties in monitoring the school's functioning and maintenance, resulting in a sustainable impact and guaranteeing quality education for all.
ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI has maintained an 'A/Stable' rating for Financial Strength and Counterparty Credit by Standard & Poor's, and in 2019, ATIDI obtained an A3/Stable rating from Moody's, which has now been revised to A3/Positive.
