•Move to deepen Africa’s debt markets, boost credit transparency
By Babajide Komolafe
S&P Global has agreed to acquire a majority stake in Agusto & Company Limited, a leading Pan-African credit rating agency, in a move aimed at strengthening its presence in Africa’s domestic debt markets and enhancing credit transparency across the continent.
The transaction, which is subject to regulatory approvals, will support the expansion strategy of S&P Global Ratings in Africa by combining its global expertise with Agusto & Co.’s established operations in Nigeria, Kenya, Rwanda and Ghana.
Commenting on the development, President of S&P Global Ratings, Yann Le Pallec, said the acquisition reflects the company’s long-term commitment to Africa’s capital markets.
