By Jones Gadama
Malawi’s economic prospects could receive a significant boost if the country leverages the African Credit Rating Agency (AfCRA).
Policy expert Dr. Macbride Nkhalamba made this call during the 2025 Africa Conference on Credit Ratings in Cape Town, South Africa.
According to Dr. Nkhalamba, AfCRA can help Malawi gain a better understanding of its economic standing and access capital at more affordable rates.
He emphasized that credit ratings go beyond borrowing, as they encourage governments to collect accurate data and develop strategic plans.
The conference highlighted the importance of African countries taking control of their credit narratives.
Malawi, which currently lacks a sovereign credit rating, was urged to embark on financial self-awareness. This would enable the country to make informed decisions and potentially attract investments.
Speakers at the conference stressed the need for transparency, fairness, and homegrown agencies to restore trust in credit rating systems. They also noted that low or non-existent ratings hinder African countries’ access to international capital markets.
By engaging with AfCRA, Malawi can take a proactive step towards improving its economic standing.
The country’s economic stakeholders are hopeful that the government will seize this opportunity to enhance its financial self-awareness and attract investments.
As Africa strives to drive economic growth and attract investments, credit ratings will play a vital role in shaping the continent’s economic narrative.
Malawi’s potential engagement with AfCRA could be a significant step in the right direction.
