My people, big news don land from Cairo, Egypt. Na African Export-Import Bank wey dem sabi as Afreximbank don officially scatter im relationship with Fitch Ratings wey be credit rating company. E be like say dem no dey gree again because dem believe say the rating no dey match wetin dem dey do.
Afreximbank don do review wey show say the way wey Fitch dey rate dem no show the real picture of wetin dem dey carry come. This bank no be small pishure o! Dem dey promote trade wey dey happen inside Africa and even outside Africa, and dem don dey do am for over 30 years.
Dem dey use plenty innovative structures to shine in terms of financing solutions, wey dey help African countries to grow their trade game. Na im make dem dey support AfCFTA, wey be African Continental Free Trade Agreement. Them even launch one payment system wey call PAPSS, wey don receive backing from African Union. You see e, dem no dey play!
Listen o, dem don set up wetin dem dey call US$10 billion Adjustment Fund to help countries wey wan enter AfCFTA join body well. As at December 2024, Afreximbank don rack up total assets wey dey reach over US$40.1 billion. You fit imagine how strong dem be! The shareholder funds na US$7.2 billion, my brother, no be joke.
But wait, e no end there! Dem get investment grade ratings from big big companies like GCR wey don drop A, Moody’s with Baa2, and dem plenty oloun from China and Japan too. Na big deal o! Afreximbank dey turn into strong group wey get im equity impact fund wey dem call FEDA and insurance management company wey dem dey call AfrexInsure. Dis group dey do well, my people!
So, wetin we fit learn from this whole matter be say, Afreximbank dey ready to face the future without any wahala from anybody wey go fit spoil their market. Dem dey promote trade and dey support African economic expansion to the highest level. Na so e be, and we go dey watch how dem go carry this matter go ahead. For further gist, follow dem for social media!
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