Africa's new credit rating agency aims to reshape investor confidence and lower borrowing costs

 

Business Africa

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.
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Africa's efforts to reshape how its economies are assessed by international financial markets are gaining momentum, with the Africa Credit Rating Agency engaging 15 African sovereigns and targeting the publication of its first credit ratings by March. The initiative aims to provide an African perspective on sovereign creditworthiness, while addressing concerns about how global rating agencies assess the continent's economic risks and opportunities. To unpack what this could mean for investment, trade and Africa's financial standing globally, we are joined by Donald MacKay, Founder and CEO of XA Global Trade Advisors.