Afreximbank Africa Narrative
4 articles from 1 country
Afreximbank President George Elombi calls for an African-owned credit ratings agency to control the continent's economic narrative and attract investment. He also urged African nations to develop domestic electric vehicle battery manufacturing rather than exporting raw lithium, citing the Dangote Refinery's success in stabilizing Nigeria's naira.
Africa Must Control Its Economic Narrative, Afreximbank Chief Elombi Demands, Citing Need for Ratings Agency
- Afreximbank President Dr. George Elombi urged the creation of an African-owned credit ratings agency to control the continent's economic narrative. - He criticized international agencies for inconsistent methodologies that penalize African institutions, leading to a "double penalty" on borrowing costs and investment. - Elombi highlighted the PAPSS payment platform's growth, with 28 central banks…
Dangote refinery eased forex pressure, stabilized naira, says Afreximbank chief
- The Dangote Refinery has helped stabilize Nigeria's naira by reducing the country's reliance on imported petroleum products. - African Export-Import Bank (Afreximbank) committed $2.5 billion to the …
Negative narratives hinder Africa’s investment drive - Afreximbank President
- Afreximbank President George Elombi urged African journalists to change the continent's narrative to attract investment. - He criticized international media for focusing on conflicts and disasters, …
Africa Should Make EV Batteries, Not Export Lithium, Afreximbank Urges
- Afreximbank President George Elombi urged African nations to stop exporting raw lithium and instead develop domestic electric vehicle (EV) battery manufacturing. - He stated the bank is ready to fin…
