African finance

AU warns Fitch risks misleading investors over Afreximbank

Economy / Dalia

The African Union’s governance body warned that Fitch Ratings risks misleading investors by continuing to assess Afreximbank after the lender cut ties over concerns about the agency’s analytical approach.

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Afreximbank may turn to China after credit downgrade

Economy / Dalia

The bank’s chief economist says Afreximbank may avoid tough markets by seeking financing from China and African countries.

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