Nigeria: Tinubu commends AU over scheduled launch of AfCRA

President Bola Ahmed Tinubu has commended the African Union for its move to launch the African Credit Rating Agency (AfCRA), scheduled for October 7.

Tinubu, in a statement he personally signed, said the development met his expectation of a compelling “need for Africa to build financial institutions that understand our economies and can assess our risks properly.”

Tinubu, who maintained that only ratings grounded in the fundamentals of the economies of African nations can assess them…