Mauritius Designated to Host the Africa Credit Rating Agency

Mauritius has officially been designated as the primary destination to host the Africa Credit Rating Agency (AfCRA) by the Africa Peer Review Mechanism (APRM). This announcement was made on Tuesday, October 7, 2025, at the Economic Development Board (EDB) in Ebène.

The event was attended by the Minister of Financial Services and Economic Planning, Dr. Jyoti Jeetun, the Minister of Foreign Affairs, Regional Integration, and International Trade, Ritesh Ramful, the CEO of APRM, Ambassador Marie-Antoinette Rose-Quatre, and the Director General of the EDB, Mahen Kundasamy, among other dignitaries.

In her opening speech, Dr. Jyoti Jeetun expressed her pride that Mauritius was chosen to host AfCRA, congratulating the APRM for its transparent and rigorous evaluation process that positioned Mauritius as the preferred candidate among African Union member states. She described this designation as a significant milestone for the continent and a strategic victory that enhances Mauritius's African strategy and its positioning as a regional hub for sustainable business and finance.

"Hosting AfCRA will elevate our International Financial Centre, attract talent, and deepen our capital markets," she stated, adding that this is a "contribution to Africa's future, where economies are assessed fairly, reforms recognized, and development financed on our terms."

For her part, the CEO of APRM reaffirmed her support for the operationalization of AfCRA and committed to working closely with the Mauritian government to ensure its success.

"The creation of AfCRA is a continental project that requires collective ownership, political will, and sustainable partnership," emphasized Ms. Marie-Antoinette Rose-Quatre.

Mahen Kundasamy focused on AfCRA's primary goal of providing accurate credit assessments by offering the market a real and contextual alternative. He noted that the initiative will also enable local businesses to obtain credit ratings at a lower cost, thereby improving their access to much-needed capital.