Africa is launching a new credit agency

Updated 2026-10-14 · told from many outlets at once

23 African economies have not been rated by the three major agencies. African leaders endorsed the Africa Credit Rating Agency in 2018. The agency aims to provide an alternative to Fitch, Moody's, and S&P. It is an independent, private-sector-driven institution.

• Twenty-three African economies have not been rated by the three major international credit rating agencies.

Outlets: Africanews, Channels TV, Die Presse, Moneyweb, MyJoyOnline, ORF News (Austria), Semafor, The Zimbabwe Independent, france24.com

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