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Afreximbank

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    • China Chengxin International Credit Rating Co., Ltd (CCXI), Chinese leading rating agency affirms Afreximbank’s AAA/Stable rating
    • The new Afreximbank African Trade Centre in Abuja, Nigeria
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    • China Chengxin International Credit Rating Co., Ltd (CCXI), Chinese leading rating agency affirms Afreximbank’s AAA/Stable rating
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Source: Afreximbank |

China Chengxin International Credit Rating Co., Ltd (CCXI), Chinese leading rating agency affirms Afreximbank’s AAA/Stable rating

The CCXI rating is expected to galvanise greater support for Afreximbank’s funding plans in the Chinese market and enhance the Bank’s market presence and credit position

China Chengxin International Credit Rating Co., Ltd (CCXI) has affirmed African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) AAA issuer credit rating with a stable outlook. Download report: https://apo-opa.co/47lLSKY The high rating reflects CCXI’s assessment of Afreximbank’s strengths including high strategic positioning, sound risk management system, flexibility in business development, very strong profitability, prudent…

Afreximbank
Source: Afreximbank |

Afreximbank receives AAA/Stable rating from China Chengxin International Credit Rating Co.

The rating puts Afreximbank on a stronger footing as it embarks on fundraising activities in a relatively new capital market as we continue to leverage optimal financial resources into Africa

China Chengxin International Credit Rating Co., Ltd (CCXI) has assigned an ‘AAA/Stable’ rating to African Export-Import Bank (Afreximbank) (www.Afreximbank.com), recognising the Bank as a leading Multilateral Financial Institution (MFI) on the continent.  Afreximbank is the first African Multilateral Financial Institution to receive AAA rating from CCXI. In its 2024 Credit…

Afreximbank

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    • (From left to right) Dr. George Elombi, Executive Vice President (Governance, Legal & Corporate Services) of Afreximbank and Mr. Wencai Zhang, Vice President of CEXIM, signing the agreement. Supporting are Prof. Oramah Afreximbank President and Chairman and Mr. Shengjun Ren, President of CEXIM
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Source: Afreximbank |

The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) sign US$600 million loan to fund loans and trade finance transactions

The two sides agreed to take the signing of this agreement as an opportunity to strengthen cooperation in various areas

On October 17, in the presence of Shengjun Ren, President of CEXIM and Prof. Benedict Oramah, Afreximbank President and Chairman of the Board of Directors (https://www.Afreximbank.com/) at the CEXIM Headquarters in Beijing, Mr. Wencai Zhang, Vice President of CEXIM, and Dr. George Elombi, Executive Vice President of Afreximbank signed the…

Afreximbank
Source: Afreximbank |

Afreximbank and China Development Bank sign US$400-million loan to support African small and medium-sized enterprises (SMEs)

Speaking after the signing, Prof. Oramah pointed out that African SMEs continue to struggle to access adequate and affordable financing for growing their businesses

The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa. The agreement, signed by Mr. Tan Jiong, President of CDB, and Prof.…

Afreximbank
Source: Afreximbank |

Afreximbank and Development Reimagined Support Access of High-End, Sustainable Made-in-Africa Brands to China

The collaboration with Afreximbank is expected to include follow-up activities over the next six months to cement the sales and partnerships made at CAETE

In continuation of its strategy to assist African businesses in increasing their international presence, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and international consultants Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China. The partnership which includes a grant from…