Search

African Union-backed credit rating agency to launch in September as scrutiny of global firms intensifies

Subscriber only Subscriber only
© Unsplash
  • AfCRA aims to boost local currency debt markets and improve transparency
  • Project responds to mounting dissatisfaction with Moody’s, Fitch, and S&P

Abuja, Nigeria – A new credit rating agency backed by the African Union is set to begin operations in September, offering the continent an alternative to the long-dominant global firms Moody’s, Fitch, and S&P.

You need an active subscription to continue reading this article.

Recent Business

Gold bars. Photo by Jingming Pan @ Unsplash
Can Ghana’s gold refinery plan deliver real value?
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Happy Ivorian citizens on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast debt sale hit as election tensions spook investors
Read More »

Recent Politics

Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
Read More »
Loading of maritime containers aboard vessels in a seaport. Photo @ Unsplash
Is Ethiopia’s sea access dispute with Eritrea a path to conflict?
Read More »

Latest Posts

Latest news insights