Tinubu Backs New African Credit Rating Agency

• • 1 min read
Tinubu Backs New African Credit Rating Agency

ABUJA — President Bola Tinubu has welcomed the African Credit Rating Agency, which the African Union will launch in Port Louis, Mauritius, on 7 October. He said Africa is asking for fair ratings, not favourable ones, and cited a UNDP estimate that flawed ratings cost the continent about $75 billion a year.

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