AU to launch Africa Credit Rating Agency in Mauritius
The African Union is set to launch the Africa Credit Rating Agency (AfCRA) in Port Louis, Mauritius, this week.
The agency is intended to complement existing global credit rating agencies and improve transparency, investor confidence and access to capital for African economies.
The agency, established under the AU and overseen during its development by the African Peer Review Mechanism (APRM), aims to provide independent, Africa-focused assessments of the creditworthiness of African governments, businesses and institutions.
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