Fitch Ratings has upgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below.

Africa Finance Corporation (AFC) has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding.

Yield-chasing investors have poured money into the continent but an emerging, recent challenge for Africa

International Monetary Fund (IMF) staff and Rwanda have agreed to a new 14-month credit facility worth

Africa’s food and agribusiness will be worth an estimated US$1 trillion by 2030, African Development

S&P Global Ratings on Friday said it downgraded Egypt to B-/B with a stable outlook. The agency previously had a B/B rating on Egypt, and in April had downgraded its outlook on the nation to negative.