Tinubu speaks on Africa’s new credit rating agency
President Bola Tinubu has welcomed the planned launch of the African Credit Rating Agency (AfCRA), saying Africa needs financial institutions that better understand the continent’s economies and risks.
The president disclosed this in a post on his official X account on Thursday, recalling that he had advocated for an African credit rating agency in a February 2026 Financial Times article.
Tinubu seeks investor confidence In his statement Thursday, the president said the establishment of an African rating agency should not be interpreted as a demand for preferential treatment.
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