• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Mauritius to Host Headquarters of Africa’s new Credit Ratings Agency, Challenging Western Dominance

3 hours ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
31
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Dalex Finance CEO Warns Against Profit Without Principles at CEO’s Breakfast and Networking Meeting

Conscious Leadership Must Drive Africa’s Growth, Says Rev. Sagoe

AfCFTA Secretariat Urges Acceleration of Digital Trade and Regional Value Chains 

Mauritius to Host Headquarters of Africa’s new Credit Ratings Agency, Challenging Western Dominance

Mauritius will host the headquarters of the Africa Credit Rating Agency (AfCRA), a new continent-wide initiative designed to provide alternative assessments of repayment risk. The agency now plans to begin operations in the second quarter of 2026.

“AfCRA will be a fully African-owned, private-sector entity,” said Marie-Antoinette Rose-Quatre, chief executive of the African Peer Review Mechanism. “It will operate independently.”

AfCRA had originally targeted a launch by the end of last month. Rose-Quatre acknowledged the delay and said the agency expects to issue its first rating by June 2026, Bloomberg reported.

She added that while Mauritius has been selected as AfCRA’s primary jurisdiction, other locations will be assessed for the agency’s regional subsidiaries.

Home-grown alternative to global rating firms

The African Union (AU) established the Africa Credit Rating Agency (AfCRA) to provide a home-grown alternative to the dominant international rating firms.

Credit ratings remain a powerful tool for investors when allocating capital, yet Africa’s market is still largely shaped by the “big three” agencies, Moody’s, S&P and Fitch, which together control about 95% of the global ratings business.

African leaders and the AU have long argued that these global ratings often fail to reflect the true risk of lending to African nations. Critics say the agencies are quick to downgrade African countries but slow to issue upgrades, reinforcing negative perceptions and raising borrowing costs.

Ghana and Zambia, both of which defaulted on their loans in the aftermath of the Covid-19 pandemic, have been especially critical of such downgrades.

AfCRA will initially focus on rating local-currency debt to help develop domestic capital markets and reduce foreign-exchange risk.

“Our continent’s health systems cannot be resilient if our financial systems are fragile,” Rose-Quatre said at the conference, which is discussing ways to bridge Africa’s health-financing gap. Achieving that, she added, “requires financial justice.”

Tags: Challenging Western DominanceCredit Ratings AgencyMauritiusMauritius to Host Headquarters of Africa’s new Credit Ratings Agency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Outcomes & Impacts: The Effective Way of Determining Real Value of PR Campaigns for Organisations, Stakeholders and Society

Mali Army Holds Back 70 Allied Gold Trucks as Militants Block Fuel Imports

Anglo American Takes Peabody to Arbitration Over Failed $3.8bn Deal

Mauritius to Host Headquarters of Africa’s new Credit Ratings Agency, Challenging Western Dominance

Resilient Black Starlets Clinch Silver at WAFU B U17 Championship

LIV Golf Reports £461.8 Million Losses Amid Ongoing Financial Challenges

Trending

Features

Dalex Finance CEO Warns Against Profit Without Principles at CEO’s Breakfast and Networking Meeting

October 4, 2025

Dalex Finance CEO Warns Against Profit Without Principles at CEO's Breakfast and Networking Meeting Chief Executive Officer...

Conscious Leadership Must Drive Africa’s Growth, Says Rev. Sagoe

October 4, 2025

AfCFTA Secretariat Urges Acceleration of Digital Trade and Regional Value Chains 

October 4, 2025

Outcomes & Impacts: The Effective Way of Determining Real Value of PR Campaigns for Organisations, Stakeholders and Society

October 4, 2025

Mali Army Holds Back 70 Allied Gold Trucks as Militants Block Fuel Imports

October 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.