Afreximbank Receives ‘AAA/Stable’ Rating.

Cairo, Egypt, January 20, 2025 — African Export-Import Bank (Afreximbank) has achieved an ‘AAA/Stable’ rating from China Chengxin International Credit Rating Co. (CCXI), marking a significant milestone in its financial standing and positioning within the global capital markets. Afreximbank is the first African Multilateral Financial Institution (MFI) to receive this top-tier rating from CCXI.

The prestigious rating, issued on January 15, 2025, reflects Afreximbank’s strategic importance to Africa and its ability to fulfill its developmental mandate. In its report, CCXI acknowledged the Bank’s strong risk management practices, profitability, liquidity, and asset management. The agency highlighted Afreximbank’s ability to adapt and generate business even during challenging times and its role in supporting the economic development of African countries.

Denys Denya, Senior Executive Vice President of Afreximbank, celebrated the rating, calling it a testament to the Bank’s systemic relevance and strong operational execution. He noted that the ‘AAA’ rating enhances Afreximbank’s standing and will offer it new opportunities to raise competitively priced capital in China, diversifying its funding sources. Denya also underscored the role Afreximbank plays in facilitating China-Africa trade and investment, further supporting the African Union’s key economic initiatives.

This rating provides Afreximbank with a stronger foundation as it seeks to raise capital in emerging markets and continue its critical work in fostering trade and investment across Africa. The Bank’s recent success in increasing its assets and achieving a substantial capital adequacy ratio is a strong indication of its financial health and resilience.

Afreximbank plans to continue exploring funding opportunities, including tapping into the Chinese Panda bond market in 2025, to support the accelerated trade and investment between China and Africa. The Bank remains focused on expanding its role as a key financial partner for the continent’s development.