Latest / The National Briefing
Africa in Focus with Advocate Sipho Mantula, Researcher: Thabo Mbeki African School of Public & International Affairs: Unisa
Mauritius – Afrikan Union
Africa launches own credit agency in bid for cheaper borrowing
Africa will launch its own credit rating agency on Wednesday, aimed at countering what many see as unfair assessments by global institutions that make it more expensive for African nations to borrow money.
The Africa Credit Ratings Agency (AfCRA), backed by the African Union after nearly a decade of talks, will judge the creditworthiness of countries, businesses and institutions.
The Indian Ocean island of Mauritius was chosen as the agency's home, partly due to its established financial services…
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