Africa's Own Credit Rating Agency Takes Shape in Response to Global Financial Architecture Inequities: AU Body CEO
Africa's Own Credit Rating Agency Takes Shape in Response to Global Financial Architecture Inequities: AU Body CEO
For too long, biased, pro-cyclical ratings have misrepresented African risk—hurting investments in health, education, and infrastructure, stated CEO of the African Peer Review Mechanism Marie-Antoinette Rose-Quatre.
"The time for African solutions to African challenges is now. [Africa Credit Rating Agency] AfCRA is Africa's statement to the world that our position is non-negotiable," she said at an AU conference in Johannesburg.
According to Rose-Quatre, AfCRA changes that by:
🟠Providing independent, transparent ratings rooted in African realities;
🟠Reducing the cost of capital through fairer risk assessment;
🟠Giving African governments fiscal space to fund long-term development—especially resilient health systems.
Key milestones in AfCRA's operationalization outlined by the official:
Mauritius selected as AfCRA headquarters host after a competitive, independent process;
Regional subsidiaries planned across Africa;
Full setup expected by end-2025: HQ, management, and shareholder base;
First ratings will be launched in 2026; full operations by Q2 2026.
AI-generated image
Subscribe to @sputnik_africa
