Tag: CreditRatings

For as long as African states have borrowed on international markets, a handful of analysts sitting thousands of kilometres away have had an outsized say in what that money costs. With the official launch of the Africa Credit Rating Agency (AfCRA) in Mauritius on 7 October 2026, the African Union (AU) has gone beyond claiming a seat at the proverbial table. Instead, it has built its own table.

This year's medium-term budget was delivered against a more difficult economic backdrop than February's national budget. Higher fuel prices and renewed global inflation pressures have squeezed household budgets and clouded the growth outlook. Yet resilient tax collections have provided some support for the public finances.