William Samoei Ruto, PhD
William Samoei Ruto, PhD|Feb 14, 2025 09:03
Africa will no longer accept to be misjudged by the scales of global credit rating agencies that overlook our reality. By relying on flawed models, outdated assumptions, and systemic bias, these agencies have painted an unfair picture of our economies, leading to distorted ratings, exaggerated risks, and unjustifiably high borrowing costs. The establishment of an Africa Credit Rating Agency, backed by credible data that accurately reflects Africa’s reality, will unlock the much-needed finance to fund the continent’s development programmes and bring meaningful change to the people. Joined Presidents @TebbouneAmadjid (Algeria), @TayeAtske (Ethiopia) and @HHichilema (Zambia) during a High-Level Presidential Breakfast Dialogue on the Establishment of the Africa Credit Rating Agency, in Addis Ababa, Ethiopia.
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