Edson Baraukwa | Africa Guardian Africa’s blue economy is emerging as a pivotal focus area, aligning with the African Union’s Agenda 2063. Despite its immense potential, many African nations face challenges in controlling and benefiting from their oceanic resources. Securing financing for global environmental initiatives has become increasingly difficult. For example, negotiations at COP16 on Nature and Biodiversity ended…
Are Africa’s Sovereign Credit Ratings Hindering Economic Growth? Our Correspondent | Africa Guardian Sovereign credit ratings play a pivotal role in determining a country’s cost of borrowing and access to global capital markets. The “Big Three” credit rating agencies—Standard & Poor’s, Moody’s, and Fitch—assign these ratings, influencing everything from government borrowing costs to economic activity across sectors. However, questions…
The current global financial architecture faces significant challenges in addressing the financial needs for climate action, sustainable development, and debt management. The calls for reform are growing louder, seeking to create a more equitable, inclusive, and sustainable financial system. Increasing the representation of developing countries, particularly African nations, in global economic decision-making processes is crucial for the continent’s development…