Fitch also acknowledges the Bank’s strong capitalization including its “strong equity to assets and guarantees ratio” and “excellent internal capital generation” June 10, 2025/Afreximbank Afreximbank operates under very high standards of financial transparency. The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9. This standard governs […]
World News
EBRD supports Egypt with First Private-to-Private Electricity Contracts
Image Credit: EBRD June 10, 2025/EBRD By Nibal Zgheib Egypt approves first private-to-private green energy contracts for 400 MW New pilot scheme enables direct power sales from producers to industries EBRD supports EgyptERA with regulatory design and market implementation Energy market reform is taking a major step forward in Egypt […]
Moody’s Ratings Upgrades Nigeria’s Ratings to B3 and Changes the Outlook to Stable
June 5, 2025/CSL Research Moody’s Investors Service has upgraded Nigeria’s long-term foreign and local currency issuer ratings to B3 from Caa1, with a stable outlook. This marks a positive turning point for Nigeria’s credit profile, reflecting the country’s strengthening external and fiscal positions. Key reforms have driven this upgrade. The […]
