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Lessons for African Nations from Kenya’s Recent CRA Downgrades: Insights by our CEO Daouda Sembene

September 5, 2024 | AfriCatalyst |

Recent developments of the Big 3 credit rating agencies; Moody’s Fitch and S&P downgrading Kenya’s ratings in the past two months with,the most recent downgrade by S&P Global ratings from “B to B-”, deeming Kenya credit risky presents a grim situation for many African countries who are in similar fiscal crisis.

Our CEO Daouda Sembene unpacked what lessons these downgrades mean for African countries’ in similar fiscal suituation on a CNBC Africa Interview.

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