Blog

Making Africa’s credit ratings more objective

In recent decades, the financing for development landscape has changed dramatically, with aid flows declining relative to investment and borrowing on capital markets. This makes the cost of borrowing critical. African countries face some of the highest borrowing costs in the world for sovereign debt, partly due to low credit ratings. Only two African economies are currently rated at investment-grade levels, implying high interest rates and low borrowing volumes for the continent.

Authors

RECENT POSTS

Carbon Pricing for Inclusive Growth | AfriCatalyst CEO Daouda Sembene at Harvard Climate Symposium

At the Africa Climate Summit, leaders push for climate finance reforms ahead of COP30

How Stronger Credit Ratings Can Unlock Capital for Africa’s Development