2026-10-07 · Semafor
🔮 The creation of the Africa Credit Rating Agency (AfCRA) comes as global agencies face growing criticism for relying on offshore models that some African leaders and policymakers say misread local realities — a debate sharpened this year by Afreximbank’s public break with Fitch.
AfCRA will rate governments, cities and companies, and it is meant to complement the three US firms, which control 95% of global ratings markets.
The new ratings agency “will add another opinion in the market place of opinions,” said Marie-Antoinette Rose-Quatre, head of the AU body that incubated it. assertive