TNAI Statement on Fitch rating of Afreximbank rating
Afreximbank – global Africa bank
Global Africa a new conceptual development of the African Union and its diaspora – the six regions is the most dynamic and disruptive economic force of the the future. The growing young dynamic population of approximately 1.2 billions, young, educated and entrepreneurial created a market whose capitalization extends into trillions. Just as the Grameen bank transform and empowered millions, the Afreximbank has the potential to transform billions in the Global Africa socio-economic and geopolitical space. This market capitalization has a critical imperative – fund it to create exponential economic growth, transformative and generational wealth. This vision is manifested in the establishment of the Afreximbank.
The success of the bank is based on the people and their entrepreneurial spirit and not sovereign transactions between the bank and nation-states. Thus the ratings of the bank by rating institutions is not as critical as global traditional ratings and more so on its sovereign transactions. The dynamics have changed. The market has changed. The people of the geographic space and their vision, creativity and entrepreneurial spirit are the drivers of capitalization and capital mobilization and flow. Sovereign loans performing or not performing are just a rain drop in an ocean of water- it has no critical bearing on the banks’ performance. These loans are assets which can be sold to institution like the African Development bank. Such off loading of these loans from the the Afreximbank balance sheet will not fundamentally change the upward trajectory of the bank. Its rate of growth and performance will continue to trend upwards due to its market. Thus the primary focus of Afreximbank must be on entrepreneurial loans and not sovereign transactions.
The challenge Afreximbank will face is how to craft a product similar to the Islamic and Jewish tradition of lending. The global African diaspora is a unique socio -economic- political eco system with opportunities because of its heritage
Like any business, a bank must engage in bold, innovative marketing to grab the dominant market share in this eco-system of global Africa. It must embrace its unique positioning — not simply as an “African bank,” but as a globally competitive institution led by Africans and tasked with serving its demographics.
to genuinely serve the African continent and its global diaspora, it must move beyond basic banking models and step into a visionary, disruptive role.
This is no small task. Helping a historically oppressed people compete on a global stage — with centuries of slavery, colonialism, and systemic exclusion behind them — while still turning a profit, is a challenge few would dare to take on. Yet Afreximbank must rise to meet it. Innovation cannot be an afterthought; it must be the foundation.
The African Union’s initiative to establish a “Sixth Region” — embracing the African diaspora, particularly in North America — is a stroke of brilliance. Here lies a wellspring of resilience, excellence, and first-world business acumen. These are the very individuals who, having survived slavery’s legacy and thrived despite it, are identified by Forbes as “the diamonds we seek.”
If Afreximbank is serious about transformation, then it must partner with those already doing the work — organizations like TNAI — to craft intentional strategies that welcome and empower North American Africans into the economic fabric of the continent. The future requires new models, bold optics, and unapologetic collaboration.
Africa’s growth is not just in its land, but in its people — at home and abroad. Let’s rise to meet them
Statement by Fred Jordan Associate, Inc.
“Pan African – Relating to All People of African Birth or Decent”
As most of you know, my engineering firm has completed successfully hundreds of buildings and infrastructure projects across the Western US, Africa and Central America. As Chairman of the National Black Chamber I have headed up many trade missions to Africa fostering business relationships between African American Businesses and African owned businesses.
Today, I am interested in the global trading or purchase of minerals, particularly from Pan African owned mines and other facilities in Africa, Caribbean and South America. My office has partnered with Bluequest Resources with offices on 6 continents to include Switzerland, New Jersey, USA and Sao Paulo, Brazil. Based our of Rio de Janeiro, Brazil I can participate with our buyer teams. We started with bauxite and our current order is as follows:
20 tons to 30 tons of Alumina in 20 days, ships to be loaded, FOB, from nearest Port or dock. (4 tons of bauxite = 2 tons of alumina = 1 ton of aluminum)
Thereby I want to form an Association to network with opportunities, joint venture and support with each other. I am listing those I know, asking of interest, agreement to be listed and corrections? You may suggest any other business or organization that may be relevant to our objectives:
1. Cameroon – Thomas Agbor, Businessman/Developer
2. Ghana – Fredua Prempeh, Asante Prince, President, ___ Communications, New Jersey
3. South Africa – Cyril Ndaba, Former South African Council General to US, Co-owner, manganese mine
4. Sierra Leone – Sallia Fawundu, Son of Paramount Chief of Bo, President of GPS Company
K. Abdul.Mahid, Esq., Lawyer, Businessman
5. Tanzania – Sarah Masasi, President and Owner, Gold Refinery Company
6. Zimbabwe – Ncoma ………… , Owner of gold mines and other mines
7. Guyana, South America – Colin Westmoreland, Developer
8. San Francisco – Minerals Broker – Myles Stevens, AIA, Architect and Minersals Broker
9. Trinidad – Projects and Minerals Broker- Marion Williams, Esq. Lawyer
10. Chicago – Sharon Hampton, Projects and Minerals Broker
Advisory:
1. H. E Moses Micheal Engadu, Secretary-General, Africa Minerals Strategy Group
2. Larry Ivory, Board Chairman, National Black Chamber of Commerce, USA
3. Charles Debow, President, National Black Chamber of Commerce, USA
If you wish not to participate or make comment on your listing, please respond on both of my list
FredJordan@fejordan.com (office) FrederickJordan@aol.com (personal)
Fred Jordan, PE, President
F. E. Jordan Associates.Inc.
