June 21, 2024/US Federal Reserve Federal Deposit Insurance Corporation Federal Reserve Board The Federal Deposit Insurance Corporation and Federal Reserve Board today announced that, following their joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks, they identified a weakness in the plans […]
Updates
Fitch reaffirms Long-Term Issuer Default Rating for Afreximbank at ‘BBB’, with Stable Outlook
The ratings affirmation recognises Afreximbank’s strong profile and increasing systemic relevance to the African continent June 21, 2024/Afreximbank Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for African Export-Import Bank (Afreximbank) at ‘BBB’, with a Stable Outlook. The agency also affirmed the Bank’s Short-Term IDR at ‘F2’ and […]
AfDB, Infrastructure Credit Guarantee Company Limited Sign $15 Million Agreement to Enhance Infrastructure Financing
InfraCredit is a specialized Nigerian credit guarantee company that mobilizes long-term capital from institutional investors to support infrastructure projects June 21, 2024/AfDB The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital base and […]
