A thumbs up!

From Zambian Economist Fri Nov 16 2012, 19:42:00

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:

Namibia:  Germany in No-Show For Genocide Hearing (news)
New Era
16 October 2017

The court hearing last week Thursday in the case lodged against Germany for colonial-era genocide in Namibia was postponed to January 2018. This was the third hearing for which Germany did not appoint ... [read more]

Zimbabwe:  10 Times Grace Mugabe Came Out Guns Blazing Against VP Mnangagwa (blog)
allAfrica.com
17 October 2017

First Lady Grace Mugabe's entry into the political fray has created a mixture of excitement, anxiety and consternation within Zimbabwean politics. She has become a powerful political force in the ... [read more]

South Sudan:  South Sudan to Revive Crude Oil Operations (news)
The East African
17 October 2017

Economically struggling South Sudan is determined to restore security in the country in order to resume normal crude oil production and attract investments. The oil sector has been battered since ... [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!