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Africa

Africa: Despite Nigeria, Africa’s Bright Economic Outlook, Agoa Expiry Poses Challenge – Fitch

eriinfo.com4 days ago09 mins

The expiry of the African Growth and Opportunity Act (AGOA) duty-free access window presents an immediate challenge to Nigeria and Africa, particularly for African apparel exporters, a report by BMI, a Fitch Solutions Company, has said. Now that AGOA preferences have lapsed in September 2025, several countries will be forced onto Most-Favoured Nation (MFN) tariff…

Africa

Africa: Fitch Affirms South Africa’s BB – Rating, Maintains Stable Outlook

eriinfo.com3 months ago03 mins

Government has welcomed Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at “BB-” and maintain the stable outlook. According to Fitch, South Africa’s credit rating is constrained by several factors, including low real gross domestic product (GDP) growth, high poverty and inequality levels, a high and rising government debt-to-GDP ratio,…