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:

West Africa:   MSF Denounces Inaction, Calls for Mobilization of Medical Assets (analysis)
Medecins Sans Frontieres
2 September 2014

MSF denounces international inaction in Ebola-stricken African countries; States must deploy specialized medical assets now [read more]

Liberia:   U.S. Stepping Up Ebola Support - Envoy (news)
allAfrica.com
2 September 2014

U.S. Ambassador to Liberia Deborah Malac has called for the lifting of travel restriction on countries affected by the Ebola outbreak in west Africa. [read more]

Central African Republic:   Elections Likely to Be Delayed By Turmoil (news)
Voice of America
2 September 2014

Elections set for February in Central African Republic to consummate a democratic transition after a March 2013 coup will probably be delayed because of persisting insecurity, the deputy head of the ... [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!