Afreximbank’s top rating boosts capital raising push

Afreximbank headquarters in Cairo, Egypt. PHOTO | COURTESY | AFREXIMBANK

African Export-Import Bank (Afreximbank) has received the top rating from the largest Chinese rating agency, offering a boost to the bank as it eyes fresh capital.

China Chengxin International Credit Rating Co., Ltd (CCXI) assigned Afreximbank the “AAA” issuer credit rating with a stable outlook, recognising the lender as one of the largest multilateral institutions on the continent.

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