Africa Finance Corporation secures first global rating

AFC has invested in Athi River Mining through a Sh4.2bn loan issued in October 2012. FILE

Multilateral lender Africa Finance Corporation (AFC) has secured its first international credit rating from Moody’s Investors Service (Moody’s).

The lender has been in the market for more capital over the past four months, securing $380 million from international creditors for onlending to private businesses.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.