EU-AU summit
Caption for the landscape image:

This is how we can unlock Africa’s capital markets

A view of the 35th Ordinary Session of the African Union (AU) Summit in Addis Ababa, on February 5, 2022. 

Photo credit: File | AFP

What you need to know:

  • Africa suffers a perception problem much like the secondhand car.
  • The consensus view is that African countries have been getting lower ratings than should be the case.
  • Argentina for instance, which has defaulted nine times since independence, gets a higher rating than African countries that have never defaulted.