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Africa Annual Credit Ratings Conference Kicks Off in Cape Town Amid Rising Debt Concerns - South Africa Today

Published 1 day ago1 minute read
Africa Annual Credit Ratings Conference Kicks Off in Cape Town Amid Rising Debt Concerns. Image for illustration purposes only, generated with AI.

The two-day  has commenced in Cape Town, bringing together key stakeholders, including rating analysts, economists, and policymakers, to discuss how credit ratings can unlock domestic financing and support long-term development across the continent.

The event comes at a critical time, as , highlighting the pressing need for sustainable financial solutions.

The challenges Africa faces in accessing global capital markets was  emphasized.  Khiba noted, pointing to rising debt costs and the need for balanced fiscal policies.

Dr. McBride Nkhalamba of the , a keynote speaker at the event, stressed the importance of credit ratings in  between investors and borrowers.

Dr. Nkhalamba explained. 

The conference focuses on:

The discussions take place against the backdrop of , with the Consumer Price Index (CPI) rising from . Meanwhile, all eyes remain on Parliament, where Treasury officials are expected to address spending priorities amid escalating debt burdens.

As the conference continues, experts will explore strategies to attract investment, lower borrowing costs, and foster economic resilience across the continent.

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