African leaders back Ruto's push for home-grown credit rating agency

Nation Media Group

African leaders have endorsed a plan to establish a home-grown credit rating agency in a bid to promote financial independence.

Meeting in Addis Ababa for the 38th African Union Summit, the leaders said the creation of the African Credit Rating Agency (AfCRA) would help counter the bias in existing global credit ratings that has long hampered the continent's economic growth.

African leaders back Ruto's push for home-grown credit rating agency

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