The African Export-Import Bank (Afreximbank) is positioning itself to expand funding sources in global markets after Japan Credit Rating Agency, Ltd. (JCR) reaffirmed its A- issuer credit rating with a stable outlook.
The affirmation strengthens the Bank’s credibility with international investors and underpins its ability to raise capital in non-traditional markets. Afreximbank entered Japan’s debt market in 2024 with its first Samurai bond issuance, raising JPY 81.3 billion (US$530 million) from a broad base of institutional investors.
“JCR’s rating underscores our strong fundamentals and prudent risk management practices,” said Denys Denya, Afreximbank’s Senior Executive Vice President. “It strengthens our ability to diversify our funding sources, including tapping into Japan’s capital markets, to further advance our mandate of promoting and financing intra- and extra-African trade.”
The agency said Afreximbank’s rating reflects “robust risk management framework, consistent profitability, prudent liquidity policies and resilient capital base,” while also recognizing its systemic importance in supporting trade and development across Africa and the Caribbean. JCR expects the outlook to remain stable over the next 12 to 18 months despite external macroeconomic challenges.
Denya noted the Bank’s consistent delivery, even during volatile periods, has been critical to building its credit standing. “This rating is a testament to the Bank’s resilience and strategic focus, enabling us to mobilise resources to drive trade and development in Africa and the Caribbean,” he said.
With the affirmation, Afreximbank is expected to continue diversifying its funding mix, reinforcing its market presence while meeting its mandate to support trade finance across Africa.
