African Union Launches African Credit Rating Agency (AfCRA)

The African Union officially launched the African Credit Rating Agency (AfCRA) on October 7, 2026, in Port Louis, Mauritius. The agency is headquartered in Port Louis and has begun autonomous operations. This launch occurred eight years after the African Union first endorsed the creation of the agency. The African Peer Review Mechanism (APRM) was responsible for developing the agency's institutional framework, governance structures, and operational methodology. This new entity aims to provide independent credit ratings tailored to the African economic context.