Pangea-Risk: African sovereigns becoming more creditworthy

A recent report by Pangea-Risk highlights the positive trend of African sovereigns becoming more creditworthy and bankable. The report, released in April 2024, points to factors such as sound fiscal consolidation, fair debt treatments, and prudent management practices contributing to this trend. Robert Besseling, the Founder and CEO of Pangea-Risk, appeared on CNBC Africa to discuss the key findings of the report. According to Besseling, the improving creditworthiness of African countries is a promising sign for the continent's economic stability and growth prospects. The report emphasizes the importance of transparency in common frameworks and alternative credit ratings to further support this positive trajectory. This development not only benefits the African nations themselves but also opens up new investment opportunities and partnerships with international creditors and investors. The increasing creditworthiness of African sovereigns signifies a step towards financial independence and sustainability for the continent as a whole.