The African Export-Import Bank (Afreximbank) has joined a pan-African governance unit in criticising Fitch Ratings’ downgrade to the multilateral development bank’s credit rating. Fitch announced on June 4 it was downgrading Afreximbank to BBB+, the lowest investment grade rating and one notch above junk, after reassessing its credit risk as “high” and its risk management ...| Global Trade Review (GTR)
The African Export-Import Bank has appointed George Elombi as its next president and chair, taking up the role in September.| Global Trade Review (GTR)