Nigeria
Nigerian banking giant AFC struggles to keep expansion plans on course

In the midst of striking up new partnerships with foreign companies such as Olam and seeking new shareholders, the public-private bank Africa Finance Corp has suffered a setback at the hands of Moody's. The poor rating it received in May has been hampering its ambitious expansion plans. [...]
Published on 22.06.2020 at 06:00 GMT Reading time 2 minutes

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