Ressources
Agenda 2063 is Africa’s development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.
L'UA offre des opportunités passionnantes pour s'impliquer dans la définition des politiques continentales et la mise en œuvre des programmes de développement qui ont un impact sur la vie des citoyens africains partout dans le monde. Pour en savoir plus, consultez les liens à droite.
Promouvoir la croissance et le développement économique de l'Afrique en se faisant le champion de l'inclusion des citoyens et du renforcement de la coopération et de l'intégration des États africains.
L'Agenda 2063 est le plan directeur et le plan directeur pour faire de l'Afrique la locomotive mondiale de l'avenir. C'est le cadre stratégique pour la réalisation de l'objectif de développement inclusif et durable de l'Afrique et une manifestation concrète de la volonté panafricaine d'unité, d'autodétermination, de liberté, de progrès et de prospérité collective poursuivie par le panafricanisme et la Renaissance africaine.
S.E. le Président William Samoei Ruto (PhD), Président de la République du Kenya et Champion de l'Union africaine pour la réforme institutionnelle. S.E. Ruto a été nommé lors de la 37ème Conférence des chefs d'État et de gouvernement en février 2024 pour promouvoir le processus de réforme institutionnelle de l'UA, succédant à S.E. Paul Kagame, Président de la République du Rwanda, qui a dirigé la mise en œuvre du processus de réforme depuis 2016.
L'UA offre des opportunités passionnantes pour s'impliquer dans la définition des politiques continentales et la mise en œuvre des programmes de développement qui ont un impact sur la vie des citoyens africains partout dans le monde. Pour en savoir plus, consultez les liens à droite.
As the continent continues its march towards economic integration and resilience, the establishment of Africa Credit Rating Agency (AfCRA) represents a pivotal step in asserting Africa’s position on global financial governance. In this regard, Heads of State and Government are set to convene for a Presidential Dialogue on the Establishment of an Africa Credit Rating Agency on 14 February 2025. Facilitated by the African Peer Review Mechanism (APRM), the event will also bring together policymakers, financial experts, and development partners to deliberate on the operationalisation of a dedicated credit rating agency for the continent.
The event to be held on the margins of the 37th AU Ordinary Summit at 0800hrs EAT at the African Union Headquarters, underscores Africa’s commitment to enhancing the continent’s financial sovereignty and addressing long-standing challenges associated with the three international credit rating agencies. The establishment of an Africa Credit Rating Agency aims to provide fair, transparent and development-focused credit ratings that reflect the realities and potential of African economies.
Key objectives of the meeting include:
Here are 10 things you need to know about the Africa Credit Rating Agency.
The Africa Credit Rating Agency (AfCRA) is a continental initiative aimed at providing independent, credible, and African-owned credit ratings for sovereigns, sub-sovereign and corporates. Its primary objective is to enhance transparency, reduce reliance on the three international credit rating agencies, and address the specific needs of African countries, institutions and contexts.
AfCRA was established to address concerns over perceived biases, inaccuracies, and high costs associated with international credit rating agencies when assessing African countries. It will provide an opportunity for the continent to have a credit rating system that reflects Africa’s unique socio-economic realities and fosters a fairer representation of its creditworthiness.
Unlike traditional credit rating agencies, AfCRA focuses exclusively on African economies, incorporating region-specific data and socio-economic indicators. It will operate with a mandate to strengthen African financial markets while promoting transparency, fairness and inclusivity. AfCRA will also emphasize development-driven credit assessment frameworks tailored to the continent’s diverse contexts.
The APRM will continue to play a crucial role as a supporter and strategic partner in AfCRA’s development and operations. It will provide governance insights, institutional frameworks, and technical expertise that inform the rating agency’s methodologies. The APRM will also ensure that AfCRA aligns with broader African Union objectives of sustainable development and integration.
AfCRA will be governed by a robust institutional framework with strict policies to prevent conflicts of interest. It will employ highly skilled professionals and adopt transparent methodologies that are in line with international best practices while reflecting African realities. Oversight mechanisms and partnerships with respected institutions will further bolster its credibility.
AfCRA’s objective is not to compete with or replace the three international credit rating agencies, but rather to complement them by providing an alternative perspective. It will focus on filling gaps in data and analysis, addressing regional nuances, and promoting African financial integration. This will allow for a diversified view of creditworthiness and fosters collaboration for mutual benefit.
AfCRA will reduce the cost of credit ratings for African countries and businesses, increase their access to capital markets, and ensure a fairer representation of their creditworthiness. It will also provide a platform for promoting African projects and investments, driving economic growth and regional financial stability.
AfCRA will be committed to maintaining the highest standards of objectivity, impartiality, and transparency. Its methodology will integrate both quantitative and qualitative factors, ensuring an accurate and fair assessment of creditworthiness. AfCRA will also engage stakeholders, including governments, private sectors, and civil society, to build trust and accountability.
AfCRA is set to officially launch in June 2025 as part of the African Union’s broader agenda for financial integration and independence. The establishment process is currently underway, including stakeholder consultations and capacity-building initiatives.
Stakeholders, including governments, financial institutions, and businesses, can engage with AfCRA through consultations, partnerships, and the submission of data for ratings. The agency will also be open to collaboration with global institutions to exchange expertise and foster best practices in credit assessment.
For further information, please contact:
Mr. Molalet Tsedeke| Information and Communication Directorate | African Union Commission | Tel: +251 115 517 700 | E-mail:Molalett@africa-union.org| Addis Ababa, Ethiopia.
Ms. Doreen Apollos | Directorate of Information and Communication| African Union Commission | E-mail ApollosD@africa-union.org
Dr Misheck Mutize - Lead Expert on Credit Rating Agencies | African Peer Review Mechanism | misheck.mutize@aprm-au.org
Information and Communication Directorate, African Union Commission I E-mail: DIC@africa-union.org
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38th AU Summit Program of Events
Agenda 2063 is Africa’s development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.