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New Africa credit rating agency in talks with 15 sovereign borrowers
The Africa Credit Rating Agency (AfCRA), launched last month to challenge the dominance of the world's three biggest ratings firms, is in talks with 15 African sovereigns and aims to publish its first ratings by March, its interim CEO said. Staff from the Mauritius-based agency, established following an African Union initiative in 2018, will conduct research in countries including Togo, Kenya, Seychelles, Burundi and Mauritius, Sifiso Falala told Reuters. "We will be in a position, by March, before the end of March, to have released results," he said in an interview. [...]