AGP Executive Report
Last update: 8 minutes agoAfCRA Launch: The African Union formally launched its Africa Credit Rating Agency in Balaclava on October 7, with its headquarters in Port Louis. The independent, self-funded agency plans to rate governments, businesses and institutions, offering investors assessments shaped by African data and conditions. The UN estimates inaccurate ratings cost African countries $74.5 billion a year; experts say AfCRA’s real test will be earning investor trust, and the AU cautions it will not quickly cut borrowing costs. Credit Outlook: Moody’s turned positive on its outlook for sub-Saharan Africa, citing stronger commodity revenues and policy reforms, but warned that debt costs and climate risks persist. Mauritius remains investment grade, though its outlook is negative. Air Links: Airlink has launched direct Cape Town–Mauritius flights as it expands its regional network, reporting 5.5% passenger growth over the past year and targeting further growth.
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