Africa Finance Corporation (AFC) has received an uplift to its credit ratings outlook from Moody’s Investors Service, with a “stable” outlook, solidifying its position as one of the highest investment-grade African institutions. Moody’s affirmed AFC’s long-term issuer and senior unsecured ratings at A3, highlighting the Corporation’s strong financial standing and credibility in the market. This positive rating reflects AFC’s commitment to providing infrastructure solutions and its reputation as a leading player in Africa’s financial sector.
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Maurice Kamto excluded from Cameroon election
Cameroon's constitutional council has barred opposition leader Maurice Kamto from the 12 October presidential election, allowing 92-year-old President Paul Biya to seek an eighth term. Among the 12 approved candidates are Biya, who has been in power for 43 years, and former allies Bello Bouba Maigari and Issa Tchiroma Bakary, challenging his long-standing rule. Want More Context? 🔎
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