Calls grow for an African credit ratings agency

Established agencies seen as being unfair to the continent, pushing up borrowing costs

04 August 2024 - 00:00

By Khulekani Magubane

As African countries search for capital to close the continent’s $100bn (R1.8 trillion) infrastructure financing gap, the idea of starting an African Credit Rating Agency to reduce the cost of capital is gaining traction.

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Please visit SundayTimes.co.za in your desktop to view our latest subscription options.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.