Tinubu Backs Africa’s New Credit Rating Agency | Nigeria News

President Bola Tinubu is backing the launch of Africa’s new credit rating agency, AfCRA, set for October 7 in Port Louis, Mauritius — a bold move to create a continental voice that understands African economies better than global agencies. After months of advocacy, including op-eds and speeches at major forums, Tinubu argues that current ratings often misrepresent Africa’s economic realities, inflating borrowing costs through what he calls the “Africa premium.” AfCRA won’t replace giants like Moody’s or S&P, but aims to build trust by offering independent, fundamentals-based assessments — especially vital for commodity-dependent nations navigating global shocks. The goal? A fairer, more informed financial future for Africa on equal footing with the world. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f90bfbb3fe811b44