Economy

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63 stories
Africa’s Borrowing-Cost Fight Moves to the Centre of Global Finance Debate

African leaders are pushing for reforms to global credit-risk pricing, arguing that borrowing costs continue to restrict development finance and infrastructure investment.

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Rockefeller Foundation Awarded US$350M+ to Reach 731 Million People Amid 2025’s Historic Decline in Global Aid

The Rockefeller Foundation launched its 2025 impact report, Big Bets, Real Results, detailing the Foundation’s 2025 work, including big bets on Universal Energy Abundance and Regenerative School Meals around the world, to accelerate the reach of frontier technology, community-driven models, and decisive data across its core focus areas.

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JP Morgan Backs Afreximbank’s Bonds After Junk Rating Sell-Off

JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating controversy.

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Afreximbank’s Abuja African Trade Centre Attains LEED Platinum Certification

African Export-Import Bank (Afreximbank) has achieved a major sustainability milestone with its African Trade Centre (AATC) in Abuja receiving LEED Platinum certification, the highest level of recognition under the globally respected Leadership in Energy and Environmental Design (LEED) framework. The certification, granted by the United States Green Building Council (USGBC) and Green Business Certification Inc. (GBCI), was officially awarded on 26 November 2025, […]

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Afreximbank Ends Credit Rating Relationship with Fitch

Afreximbank has officially ended its credit rating relationship with Fitch Ratings, citing concerns that the process no longer reflects its mandate, legal framework, and mission as a pan-African development bank.

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Central Bank of Egypt and Afreximbank Move to Establish Pan-African Gold Bank

The Central Bank of Egypt and Afreximbank have signed an MoU to establish a pan-African Gold Bank aimed at formalising gold value chains, strengthening central bank reserves, and retaining gold value within Africa.

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Ministry of Finance Ghana and Afreximbank Resolve US$750 Million Facility

Ghana’s Ministry of Finance and Afreximbank announce the successful resolution of a US$750 million facility signed in 2022, clearing the way for continued development cooperation.

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