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Can West Africa’s development bank escape junk status?

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Moody’s upgrade leaves West Africa’s development bank four notches below investment grade.
  • Unpaid shareholder capital and weaker assets could complicate its 2030 ratings ambition.

 

LOMÉ, TOGO – West Africa’s development bank has moved up Moody’s ratings ladder, but remains four notches below investment grade as it targets that status by 2030.

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