Misheck Mutize News Today

The African Union plans to launch a new African credit rating agency next year to address the group’s concerns that ratings given to...

The agency, which would craft its own assessment of the risks in lending to African countries, would be based on the continent, said Misheck Mutize, lead

The African Union plans to launch a new African credit rating agency next year to address the groups concerns that ratings given to countries on the continent are unfair, an official told...

The agency, which would craft its own assessment of the risks in lending to African countries, would be based on the continent. | Pulse Ghana

The credit rating industry in Africa is dominated by the three international agencies: Moody’s, S&P and Fitch. Together they control an estimated 95% of the credit rating...

African governments say no. “The perception of risk continues to be higher than the actual risk,” argued Senegal’s President Macky Sall, speaking as chair of

They claim that pessimism about debt sustainability is unwarranted | Middle East & Africa

The African Peer Review Mechanism has called for Africa's own credit ratings agency.

Why investors have a huge appetite for African eurobonds Quartz 4 hrs ago A huge appetite for African eurobonds is spurring a wave of issuances in the continent. Benin saw its ratings outlook improve after successful eurobond issuances in January. In February, Côte d’Ivoire raised $1.03 billion in a eurobond sale which saw investors place orders for triple the amount offered. (The sale was a reopening of a eurobond sale issued in November, Africa’s first during the Covid-19 pandemic.) No...

A huge appetite for African eurobonds is spurring a wave of issuances in the continent. Benin saw its ratings outlook improve after successful eurobond issuances in January. In February, Côte d’Ivoire raised $1.03 billion in a eurobond sale which saw investors place orders for triple the amount offered. (The sale was a reopening of a eurobond sale issued in November, Africa’s first during the Covid-19 pandemic.) Now, Kenya is planning to use the debt instrument to raise $1 billion by June,...