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Vol 66 No 4

Published 21st February 2025


Targeting the cost of capital

A continent-wide risk assessor is taking on the big three rating agencies to counter the ‘Africa risk premium’

On the fringes of the African Union (AU) summit on 14 February, leaders announced the launch of the African Credit Rating Agency (AfCRA) planned for June to counter what they see as political bias by the big three agencies against the continent’s economies. The next step is to appoint a transaction advisory firm and ensure the institutional and regulatory frameworks are in place.

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