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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‘I fled Zamzam camp with child in my arms and luggage on my head’
The Zamzam camp in Sudan, home to 700,000 internally displaced people, was devastated by an attack from the paramilitary Rapid Support Forces (RSF) last week, exacerbating the ongoing humanitarian crisis in the region following two decades of conflict. Residents, including Fathiya Mohammed, who lost her husband during the chaos, fled to Tawila, enduring severe conditions and violence, with many reporting being robbed along the way. Medical charity Doctors Without Borders has reported a surge in...
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