AfCRA Initiative Gains Traction with Talks on UNGA Margins
- Reports
- 11
- Developments
- 4
- Repetition
- 73%
New informationRepeats or wire copies
What happened
Discussions regarding the Africa Credit Rating Agency (AfCRA) were held on the margins of the 81st UN General Assembly in New York. CEO of the African Peer Review Mechanism (APRM), Marie Antoinette Rose Quatre, briefed President Dr Patrick Herminie on the initiative. AfCRA is an independent, private-sector-driven entity intended to assess the creditworthiness of sovereign and corporate entities in Africa.
From statehouse.gov.sc
Why it matters
The initiative is expected to launch in Mauritius on October 7. AfCRA aims to contribute to efforts to keep more African capital, estimated at around US$4 trillion, working within the continent. This capital is intended to support investments in sectors such as healthcare, energy, mining, and infrastructure.
President Dr Patrick Herminie is attending the 81st UNGA session in New York.
From statehouse.gov.sc
Who's involved
- Patrick HerminieEngaged in talks regarding AfCRA and APRM support
- MauritiusScheduled host of the Africa Credit Rating Agency (AfCRA) launch
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.African governments criticized existing assessments during the AfCRA inauguration in Mauritius.1 source
AUC Chairperson visited Mauritius as AfCRA strengthens Africa's financial architecture.1 source
- Mauritius participated in the United Nations General Assembly session on September 26, 2026.Sub-event
Talks held on UNGA margins in Mauritius regarding AfCRA launch and APRM support.1 source
Keep exploring
The entities involved
-
Mauritius
island sovereign state off of East Africa in the Indian Ocean
-
United Nations
global international and intergovernmental organization
-
Patrick Herminie
Seychellois politician