Tag
AFCRA
Inaccurate and context-poor sovereign credit ratings are estimated to cost African countries about $74.5 billion annually through higher borrowing costs and lost financing, the United Nations has said.
The African Union (AU) has officially unveiled the African Credit Rating Agency (AfCRA), an initiative approved by the AU in 2017, in a bid to tell “Africa’s own economic story.”
The African Union has announced the launch of its own rating agency, the African Credit Rating Agency (AfCRA),...