22
Jul
The African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Ambassador Albert Muchanga, has announced that the continent is on track to establish a credit ratings agency by 2025. Speaking with reporters in Accra on July 20, 2024, Muchanga stated that the independent agency, specifically designed to cater to Africa's sovereign borrowers, is currently in the operationalization stage. “The project is at its next phase of operationalization that entails coming up with the final work plan to ensure that we are able to roll it out,” he explained. He noted that the African Peer Review Mechanism, African Development…