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    Africa

    MasterCard today announced that its representative office, MasterCard Africa, has obtained the Casablanca Finance City (CFC) status for its regional headquarters. The MasterCard office in Casablanca runs operations in over 20 African countries of the Greater North West Africa (GNWA) region.

    International private equity has become the fastest growing source of investment in sub-Saharan Africa but better risk management tools and a way to develop whole sectors was needed to make sure benefits are spread more widely, a study found.

    Fitch Ratings has revised African Export-Import Bank's (Afreximbank) Outlook to Stable from Negative and affirmed the Long-term Issuer Default Rating (IDR) at 'BBB-'. The Short-term IDR has been affirmed at 'F3'. A full list of rating actions can be found at the end of this rating action commentary.

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