Africa Credit Rating Agency created to overcome perceived bias against continent launches October 7

African Union to launch African credit rating agency in October

The African Peer Review Mechanism (APRM) - an African Union-backed initiative - will launch a continent-wide credit ratings agency in October, a senior adviser ​at the AU said on Wednesday, as it...

Africa Credit Rating Agency created to overcome perceived bias against continent launches October 7

The new agency is being established to complement rather than replace global ratings firms Moody’s, S&P, Fitch, all of which have been accused of bias against African sovereigns and firms.

African Union launching credit rating agency

The African Union (AU) will launch a continent-wide credit rating agency in Mauritius on October 5, a senior AU adviser said on Wednesday. The African Peer Review Mechanism (APRM), an AU-backed initiative, is preparing to launch the African Credit Rating Agency (AfCRA) as governments across the continent seek to address high borrowing costs. It was announced by Paul Sikazwe, the technical adviser on debt to the AU Commission, at a debt and devel…

African Union launching credit rating agency - The Press United

The AU-backed institution is intended to provide an alternative assessment of governments’ credit worthiness The African Union (AU) will launch a continent-wide credit rating agency in Mauritius on October 5, a senior AU adviser said on Wednesday. The African Peer Review Mechanism (APRM), an AU-backed initiative, is preparing to launch the African Credit Rating Agency […] The post African Union launching credit rating agency appeared first on Th…

Africa to Launch Long Awaited Continental Credit Ratings Agency in October

By Adedapo Adesanya The African Peer Review Mechanism (APRM), an African Union-backed initiative, will launch a continent-wide credit ratings agency in October as part of efforts to reduce borrowing costs for African countries. Mr Paul Sikazwe, technical adviser on debt to the African Union Commission, said the agency would be launched in Mauritius on October 5. This […]

AfCRA Set for October Launch in Mauritius

The Africa Credit Rating Agency (AfCRA) is set to launch in Mauritius on October 7, marking a major step towards creating a new African perspective on credit risk. The launch will come almost a year after Mauritius was chosen to host the headquarters of the pan-African ratings agency, which was partly created in response to concerns over alleged bias in global credit ratings. The launch will follow the second Annual African Conference on Credit …