Mauritius has officially been selected as the primary jurisdiction to host the Headquarters of the Africa Credit Rating Agency (AfCRA) by the African Peer Review Mechanism (APRM).
This follows the endorsement by the African Union during its 44th Ordinary Session in July 2024, of the establishment of AfCRA as an independent, private sector-led, and self-sustaining credit rating agency. AfCRA aims to deliver more balanced, context-sensitive, and accurate assessments of African economies—serving as both a complement and a credible alternative to existing global rating agencies.
The APRM, acting under the mandate of the African Union, was tasked with overseeing the creation of AfCRA. All AU Member States were invited to submit Expressions of Interest (EOIs), demonstrating the strengths of their respective jurisdictions in areas such as political stability, regulatory environment, infrastructure, and human capital.
Mauritius’ successful bid reflects its strong legal and institutional frameworks, dedication to transparency, and strategic alignment with the goals of pan-African financial integration. Hosting AfCRA positions Mauritius to benefit from increased international visibility, enhanced investor confidence, and improved access to more affordable credit ratings.
Mauritius has been selected by the African Peer Review Mechanism to host the African Credit Rating Agency. This is the result of a long-standing strategy of economic diversification undertaken by Mauritius over many years, as well as the good governance that characterizes your country. In line with Agenda 2063 – The Africa We Want – the establishment of this credit rating agency is an important step in the right direction. We are convinced that, given Mauritius’s competence and expertise in this field, Africa now has a rating institution that is well aligned with its ecosystem. The leadership of Mauritius will be an added value in the governance of the African continent, especially since this credible and independent rating agency will take into account African realities that major international agencies are unable to perceive.
