South Africa has shut down one of its main border crossings with Mozambique because of intense violence erupting after a controversial election in Mozambique last month. The Lebombo port, an essential connection between the two countries, has been closed for safety reasons, according to South Africa’s Border Management Authority (BMA).
Credit ratings play a huge role in the financial world. They help investors, both big institutions and regular individuals, understand how likely it is that a country or company will be able to repay its debts. When it comes to bonds and other forms of debt, credit ratings give investors
From the ongoing ethno-political conflict on the Congolese-Rwandan border to the violent tribal militias wreaking havoc across the Sahel region and the bloody battles over gold, phosphate, and cobalt mines in Central and East Africa, the legacy of the 1884 Berlin Conference continues to inflict pain, war, and underdevelopment on
The African Union is set to unveil the African Credit Rating Agency (ACRA) in 2024 to challenge the often flawed ratings from giants like Fitch, Moody’s, and S&P. These major firms have been criticized for their inaccurate assessments of African economies, leading to expensive borrowing costs. ACRA aims to provide
