AGP Executive Report
Last update: 10 hours agoRegional Finance: The African Union launched its Africa Credit Rating Agency in Mauritius on 7 October, with the agency headquartered in Port Louis. AfCRA aims to add an Africa-focused view of credit risk and borrowing costs; its test will be earning investor trust through independent, transparent ratings. Chagos Deal: Mauritius has threatened legal action over delays to the sovereignty agreement with the UK, saying its claim is “not negotiable.” The impasse is reportedly adding pressure to public finances, with a £165 million budget deficit cited. Capital Markets: African markets could help fund a $50–90 billion annual infrastructure gap, while the continent’s pension funds and insurers hold about $1.1 trillion in assets. Stock Exchange of Mauritius former chief Sunil Benimadhu said deeper markets could channel more of that capital into businesses and development. Aviation: The Airlines Association of Southern Africa elected TAAG Angola Airlines CEO Miguel Carneiro as chair at its annual assembly in Mauritius, with Air Botswana’s Bao Mosinyi as deputy. The group says policy and infrastructure must support competitive, connected regional air travel.
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