Why launch of AfCRA matters for African countries and the world

AfCRA launches in Mauritius to reshape Africa’s credit ratings, lower borrowing costs and attract investment. [iStockphoto]

On October 7 in Mauritius, Africa takes an important step toward reshaping its relationship with global capital markets.

The launch of the Africa Credit Rating Agency (AfCRA) is a statement of confidence in Africa’s future. It is part of a broader message resonating across the continent: We don’t need aid or charity; we need fairness.  We need to ensure appropriate context and accuracy.