Africa

The African Export-Import Bank (Afreximbank), a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, announces that it intends to publish a registration document and is considering proceeding with an initial public offering (IPO) of global depositary receipts (GDR"), representing Class D ordinary shares of the Bank. The GDRs are expected to be admitted to trading on the main market London Stock Exchange.

Fitch Ratings has affirmed African Export-Import Bank's (Afreximbank) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. Fitch has also affirmed the bank's Short-Term IDR at 'F3' and senior unsecured debt at 'BBB-'.

African law firm Bowmans has announced that it is expanding into Mauritius and Ethiopia, enabling it to unlock more opportunities for its clients and contacts on the African continent.

ENGIE expands its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions. Mobisol has operations in Tanzania, Rwanda, and Kenya and has installed more than 150,000 solar home systems, providing clean and reliable energy to over 750,000 people in Sub-Saharan Africa.