African Ratings Agency Eyes Q3 Launch

African ratings agency eyes Q3 launch

The African Credit Rating Agency, an initiative set up to provide an alternative to the so-called Big Three ratings agencies, will be launched by the end of September, according to the African Union. It comes amid a deepening row over Fitch’s downgrading of the African Export-Import Bank (Afreximbank), which has reignited a debate about Western institutions’ influence over perceptions of risk around African lending that leads to steep capital co…

The Cost of Being Misunderstood: Africa's Quiet Fight for Financial Dignity

The launch of the AfCRA in 2025 is expected to become one of the greatest financial developments for the continent in recent memory. African Credit Rating Agency(AfCRA) supported by the African Union, will provide a desperately needed alternative to Western-based agencies such as Fitch, Moody’s, and S&P—agencies that have long been accused of unfair risk … The post AfCRA Launch in 2025: How Africa’s New Credit Agency Plans to Challenge Fitch & M…

Africa launches own credit rating agency - CAJ News Africa

by AKANI CHAUKE JOHANNESBURG, (CAJ News) - TIRED of being unfairly rated by the West, Africa's 54 countries came together to announce their own independent credit rating agency, which is set to kickstart operations before the end of this year. Dubbed the African Credit Rating Agency (AfCRA), which is fully supported by the African Union’s

Afrocentric credit rating agency to debut soon

Africa will soon have its credit rating agency, African Credit Rating Agency (AfCRA). The move became necessary following the growing discontent over the credibility of the ratings assigned to African governments and institutions by the three global rating agencies including Fitch, Moody’s and S&P. In February, African heads of state and government as well as … The post Afrocentric credit rating agency to debut soon appeared first on NewsTmes.co…

Africa to launch new credit rating agency media

The institution will be backed by the African Union and will provide local-currency sovereign ratings, starting in 2026Africa is preparing to launch its first homegrown credit rating agency by the end of September, Bloomberg reported on Monday.The African Credit Rating Agency (AfCRA), supported by the African Union's African Peer Review Mechanism (APRM), plans to publish its first soverei