An African credit rating agency? Easier said than done

Africa’s sovereign debt crisis is not merely a story of fiscal mismanagement or external shocks. It is amplified by a systemic anomaly: The continent pays more to borrow than its peers with comparable economic indicators. This penalty, often termed the “African premium,” costs the region an estimated $24 billion annually in excess interest payments, and has deprived it of more than $46 billion in potential lending.

Raccontata daarabnews.com