Africa’s credit rating launch sparks hope for fairer Namibia ratings

MarketData

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With the aim of reducing the late payment and increasing the collection that allows reinvesting in land titling, the INDERT initiated a tender process to hire the services of a credit rating company (Informconf). It is expected that by including the defaulting debtors in the databases of a credit rating company, it will be necessary for them to approach the agricultural institution to regularize the payment of their land quotas. Article 53 of th…

The Namibian

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Africa’s credit rating launch sparks hope for fairer Namibia ratings

The launch of the African Credit Rating Agency (AfCRA) is poised to transform Namibia’s credit assessment landscape, reducing dependence on global agencies such as Moody’s and Fitch, experts say. Analysts argue that AfCRA has the potential to provide fairer, more regionally attuned evaluations, but only if it maintains credibility and independence. The initiative, spearheaded to counterbalance the dominance of Western credit rating firms, aims t…

North Africa Post

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African Nations launch alternative credit rating agency to challenge global giants – The North Africa Post

Africa is set to establish its own credit rating agency by June 2025, marking a significant shift in how the continent’s economies are evaluated. The Africa Credit Rating Agency (AfCRA) aims to provide more nuanced sovereign ratings by incorporating local contexts often overlooked by traditional agencies like Moody’s, Fitch, and Standard & Poor’s. This initiative […]