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:

Central African Republic:   Fear and Loathing in Bangui (blog)
Amnesty International
24 October 2014

In Bangui's Nguingo neighbourhood, up the Oubangui river from the city center, people are scared. [read more]

Congo-Kinshasa:   Military Reshuffle Signals a Political Landscape in Motion (analysis)
African Arguments
23 October 2014

In September 2014, the Congolese government carried out a reorganization of its armed forces (FARDC). Congo is a huge country covering many local realities, each of which has its own threats, balance ... [read more]

South Africa:   Star Runner Mulaudzi Dies in Crash (news)
South African Press Association
24 October 2014

Olympic silver medalist long distance runner Mbulaeni Mulaudzi died in a car accident, Sport Minister Fikile Mbalula's office confirmed on Friday. [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!