Article

S&P Global has assigned Africa Finance Corporation (AFC) an 'A' long-term and 'A-1' short-term issuer credit rating, reflecting its strong credit profile and leadership in African infrastructure solutions. The Positive Outlook indicates potential growth in its shareholder base and capital position, which AFC's CEO, Samaila Zubairu, believes will lower borrowing costs and improve access to funding for infrastructure projects. This rating comes at a time when African lenders are struggling to secure concessional financing due to rising global interest rates.