A thumbs up!

From Zambian Economist Fri Nov 16 2012, 14:42:00

Moody's last week issued a first public rating assignment to Zambia as it expands its rating of African economics. It has assigned Zambia a fairly strong rating of B1 (still far from investment grade though). According to Moody :

"The outlook on these ratings is stable. The B1 ratings reflect the following key factors: 1) Expectation of continued rapid growth, which should support economic diversification and over time increase the country's low wealth levels. 2) The country's track record of political stability, which benefits its developing institutional strength. 3) Zambia's low albeit improved financial strength, following debt forgiveness from official creditors in 2006"

The B1 rating puts Zambia better than some Eastern European countries and even some Latin American ones. It is a good indicator that things are broadly on track - as far as the markets are concerned. But of course markets think differently. More detail via Finanzen.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Africa:   Hague Court Prosecutor Bensouda Criticises AU Over Failure to Arrest Bashir (news)
The Nation
1 July 2015

The African Union has been criticised for being hypocritical regarding the charges facing Sudan President Omar al-Bashir at the International Criminal Court. [read more]

Tanzania:   Thousands of Children Rescued From Dangerous Work in Gold Mines (news)
Thomson Reuters Foundation
30 June 2015

More than 12,000 children have been rescued in the past three years from gold mines in northern Tanzania, according to children's rights groups who fear thousands more youngsters are being forced to ... [read more]

Uganda:   Army Hospital Keeps Drugs On Floor (news)
The Monitor
1 July 2015

Bombo Military Hospital (BMH) has resorted to keeping drugs on the floor due to lack of proper storage facilities. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!