Earlier, the African Export-Import Bank (Afreximbank) issued a statement announcing the termination of its relationship with credit ratings firm Fitch, due to what it said was a "firm belief" that the agency's rating approach no longer reflected an understanding of the bank's mission and mandate.

Last year, Fitch cut Afreximbank's credit rating to one notch above 'junk' status and has it on a 'negative outlook'.

 Thami Ngubeni spoke to Zwelibanzi Maziya, the Chief Operating Officer at Sovereign Africa Rating.

Earlier, the African Export-Import Bank (Afreximbank) issued a statement announcing the termination of its relationship with credit ratings firm Fitch, due to what it said was a "firm belief" that the agency's rating approach no longer reflected an understanding of the bank's mission and mandate.
Last year, Fitch cut Afreximbank's credit rating to one notch above 'junk' status and has it on a 'negative outlook'.
&nbsp;Thami Ngubeni spoke to Zwelibanzi Maziya, the Chief Operating Officer at Sovereign Africa Rating.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

Afreximbank terminates its relationship with Fitch Ratings

Victor Kgomoeswana, author of  "Africa Is Open For Business" and "Africa Bounces Back", and the Executive Director for Marketing and Communication at the University of Limpopo, rounds up business stories that made headlines in the wee.. 

TALKING POINTS:

** CALEDONIA Mining Corporation has secured $150m through a seven-year convertible bond to finance its Bilboes development, set to become Zimbabwe's largest gold operation.

** Ghana set to begin construction of the nation's tallest bridge with Japanese-backed technology

** Liberia has once again consolidated its position as the world's largest shipping registry,

**  Nigeria's Zenith Bank PLC has received regulatory approval to acquire 100 per cent of Paramount Bank Limited

Victor Kgomoeswana, author of &nbsp;"Africa Is Open For Business" and "Africa Bounces Back", and the Executive Director for Marketing and Communication at the University of Limpopo, rounds up business stories that made headlines in the wee..&nbsp;
TALKING POINTS:
** CALEDONIA Mining Corporation has secured $150m through a seven-year convertible bond to finance its Bilboes development, set to become Zimbabwe's largest gold operation.
** Ghana set to begin construction of the nation's tallest bridge with Japanese-backed technology
** Liberia has once again consolidated its position as the world's largest shipping registry,
** &nbsp;Nigeria's Zenith Bank PLC has received regulatory approval to acquire 100 per cent of Paramount Bank Limited

Business round-up with author, Executive Director for Marketing and Communication at the University of Limpopo, Victor Kgomoeswana

Ghana's President, John Dramani Mahama, says many African countries are caught in what he calls a "triple dependency", relying on external powers for security decisions, health and education systems, while exporting critical minerals with little value added at home.

Speaking in Davos, Switzerland, on the sidelines of the World Economic Forum (WEF), Mahama urged African nations to take greater ownership of their development and chart an independent path forward.

Channel Africa's economics reporter, Innocent Semosa, has more.

Ghana's President, John Dramani Mahama, says many African countries are caught in what he calls a "triple dependency", relying on external powers for security decisions, health and education systems, while exporting critical minerals with little value added at home.
Speaking in Davos, Switzerland, on the sidelines of the World Economic Forum (WEF), Mahama urged African nations to take greater ownership of their development and chart an independent path forward.
Channel Africa's economics reporter, Innocent Semosa, has more.

Ghana's President calls on African nations to take greater ownership of their development

The 56th World Economic Forum (WEF) Annual Meeting comes to an end today in Davos, concluding five days of discussions held under the theme "A Spirit of Dialogue."

Conversations were dominated by rising geopolitical tensions as global leaders grappled with an increasingly fragmented world order, persistently high public debt, disruptions caused by artificial intelligence, particularly in the labour market, and ongoing energy challenges. 

Thami Ngubeni spoke to Dr Oscar Van Heerden, Research Associate at the Centre for African Diplomacy and Leadership at the University of Johannesburg.

The 56th World Economic Forum (WEF) Annual Meeting comes to an end today in Davos, concluding five days of discussions held under the theme "A Spirit of Dialogue."
Conversations were dominated by rising geopolitical tensions as global leaders grappled with an increasingly fragmented world order, persistently high public debt, disruptions caused by artificial intelligence, particularly in the labour market, and ongoing energy challenges.&nbsp;
Thami Ngubeni spoke to Dr Oscar Van Heerden, Research Associate at the Centre for African Diplomacy and Leadership at the University of Johannesburg.

Afreximbank terminates its relationship with Fitch Ratings

In 1 playlist(s)

Africa in Business

Social links

Recent clips