Blog

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

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.

RECENT POSTS

Global Leaders Call for Bretton Woods Reform to Meet 2030 Sustainable Development Goals

East African Government Officials Push for Improved Credit Rating Processes and regional Cooperation at UNDP and AfriCatalyst Workshop

How can African countries navigate credit ratings processes-In conversation with Raymond Gilpin