The Corporation’s Basel II capital adequacy ratio stood at 34.7% as of mid-2024, well above its internal target of 30% January 16, 2025/AFC Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has received the highest issuer credit rating, an AAAspc with a stable outlook, from S&P Ratings (China) Co., […]
World News
EBRD Marks Year of Record Investment in Egypt in 2024
January 16, 2025/EBRD By Nibal Zgheib Image Credit: EBRD EBRD invested over €1.4 billion in Egypt in 2024, 84 per cent in the private sector €765 million disbursed in 2024 to support the implementation of key projects Bank invested over €2.4 billion in 50 new projects in the SEMED region in 2024 Egypt was […]
AFC Receives AAA Rating from China Chengxin, as the Corporation Positions for further Diversification in Funding Sources
The AAA rating from CCXI affirms the Corporation’s intrinsic financial strength and disciplined approach to risk management January 13, 2025/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has received an AAA domestic credit rating with a stable outlook from China Chengxin International Credit Rating Co. Ltd (CCXI). […]
