African Union launches its own credit rating agency

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  The African Union launched the Africa Credit Rating Agency (AfCRA), an institution intended to improve how financial markets assess African borrowers.

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  AfCRA was launched on Oct. 7, 2026, in Balaclava, Mauritius.

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  The agency is intended to bring more African data, expertise and local context to assessments of credit risk.

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  African countries with debt face difficulties attracting investment and have blamed some of those challenges on unfair ratings by major agencies.

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  The agency’s success will depend largely on whether it produces accurate credit ratings.

Who

The African Union launched the Africa Credit Rating Agency (AfCRA).

What

AfCRA is intended to improve assessments of African sovereigns, sub-sovereigns and businesses.

When

Oct. 7, 2026.

Where

Balaclava, Mauritius. AfCRA is headquartered in Port Louis, Mauritius.

Why

To improve data, expertise and local context in assessments of African credit risk and strengthen Africa’s voice in global financial governance.

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