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Policy and Regulations

AU to launch African credit rating agency October 7

The African Union has announced that the African Credit Rating Agency will be officially launched on October 7, 2026, in Port Louis, Mauritius, where the agency is headquartered. The launch marks a major step in Africa’s efforts to strengthen its financial independence and address concerns over how the continent’s economies are assessed by global credit […]

News

Africa to launch credit rating agency by September

A new Africa-led credit rating agency, the African Credit Rating Agency, is set to launch by the end of September 2025, offering an alternative to the dominant global firms—Fitch, Moody’s, and S&P. Backed by the African Union through its African Peer Review Mechanism, AfCRA aims to provide credit assessments that better reflect African realities and […]

News

Nigeria, African nations propose continental credit rating agency initiative

Nigeria and other African countries are working to create a continental credit rating agency to address the perceived bias of Western agencies like Moody’s, Fitch, and S&P. The initiative aims to provide fairer assessments of African economies, taking into account their unique contexts and growth potential. This was disclosed on Tuesday at the Launch of […]