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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Africa: Rep. James Introduces the AGOA Extension and Enhancement Act of 2024
Representative John James, Chairman of the House Foreign Affairs Committee’s Subcommittee on Africa, introduced the AGOA Extension and Enhancement Act of 2024, aiming to reauthorize the African Growth and Opportunity Act until 2037. The bill emphasizes the economic benefits of AGOA for both the U.S. and African countries, highlighting job creation, supply chain adjustments, and the promotion of U.S.-Africa economic ties. By providing broader eligibility assessment options for African nations, the legislation aims to strengthen...
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