Credit Ratings

Africa is moving toward greater financial autonomy with the establishment of the Africa Credit Rating Agency (AfCRA), backed by the African Union (AU) and supported by the African Peer Review Mechanism. Officials have confirmed the agency will begin operations by September 2025, offering assessments tailored to African economies, providing a more equitable alternative to Western-dominated firms like Fitch, Moody’s, and S&P African governments have long criticised global agencies for perceived […]