AfCRA must set African standards for credit ratings, Afreximbank

The African Credit Rating Agency (AfCRA) must develop its own standards for assessing credit risk across the continent and reflect the unique characteristics of African markets, the African Export-Import Bank (Afreximbank) has said. Afreximbank said the launch of AfCRA marked an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible and independent analysis of African credit risk. Denys Denya, senior executive vice President, Afreximbank, said the agency’s rating methodology must recognise the uniqueness of Africa’s economic environment and institutional structures rather than simply replicate standards developed elsewhere. “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere, it must build a unique identity that conforms to an ‘African best practice,’” Denya said. He also stressed the importance of ensuring the agency’s independence and African ownership as it begins operations. “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix,” he said. Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Afreximbank said the launch of AfCRA marked an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible and independent analysis of African credit risk. Denys Denya, senior executive vice President, Afreximbank, said the agency’s rating methodology must recognise the uniqueness of Africa’s economic environment and institutional structures rather than simply replicate standards developed elsewhere. “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere, it must build a unique identity that conforms to an ‘African best practice,’” Denya said. He also stressed the importance of ensuring the agency’s independence and African ownership as it begins operations. “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix,” he said. Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Denys Denya, senior executive vice President, Afreximbank, said the agency’s rating methodology must recognise the uniqueness of Africa’s economic environment and institutional structures rather than simply replicate standards developed elsewhere. “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere, it must build a unique identity that conforms to an ‘African best practice,’” Denya said. He also stressed the importance of ensuring the agency’s independence and African ownership as it begins operations. “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix,” he said. Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

“The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere, it must build a unique identity that conforms to an ‘African best practice,’” Denya said. He also stressed the importance of ensuring the agency’s independence and African ownership as it begins operations. “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix,” he said. Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

He also stressed the importance of ensuring the agency’s independence and African ownership as it begins operations. “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix,” he said. Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

“Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix,” he said. Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Afreximbank said the value of AfCRA would not be measured by whether it produces more favourable ratings for African borrowers, but by the credibility of its analysis, quality of data, transparency of its methodology and ability to deepen understanding of African sovereign, sub-sovereign and corporate credit. Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses finance development. The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

The bank said credible, rigorous and evidence-based assessments of African credit risk were therefore essential, particularly as many African issuers remain unrated and local-currency and sub-sovereign markets continue to have limited rating coverage. According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

According to Afreximbank, expanding credible rating coverage could improve the information available to investors while supporting the development of deeper domestic and regional capital markets. The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

The bank said African Multilateral Financial Institutions should also be assessed based on their fundamentals, performance, legal frameworks, mandates and operating models, arguing that these institutional characteristics need to be properly understood to achieve informed and balanced assessments of African risk. Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Afreximbank said AfCRA should complement existing international and regional rating agencies rather than replace them, broadening the range of credible analysis available to investors and issuers. It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

It said the new agency could also strengthen competition, transparency and analytical capacity within Africa’s credit markets. As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

As Africa seeks to mobilise the capital required for industrialisation, trade, infrastructure and economic transformation, Afreximbank said credible African institutions capable of improving information, strengthening market confidence and deepening financial markets would become increasingly important. The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

The bank congratulated the African Union, the African Peer Review Mechanism and other stakeholders involved in bringing AfCRA from concept to launch, saying it looked forward to the agency’s contribution to deeper, more transparent and efficient African capital markets. Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Related News NYSC safety advisories fall short as over 70 members abducted in five years Optogenetics pioneers win 2026 Nobel Prize in Medicine State health insurance enrolment hits 16.95m as agencies target 20m by year-end Hope Moses-Ashike Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa. Share

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.