Browsing: Global

In a press release on Tuesday, S&P Global Ratings described the deal as “a strategic step for both companies” that would “complement and support the growth strategy of the S&P Global Ratings division in Africa.” The financial details of the transaction were not revealed.

The global economy is undergoing a structural transformation that goes well beyond ordinary cyclical fluctuations. Supply-chain disruptions following the COVID-19 pandemic, energy supply problems, geopolitical tensions, particularly war, protectionist trade policies, U.S. tariffs, and intensifying competition in advanced technologies such as artificial intelligence (AI) are reshaping the fundamental parameters of the global economic system.

Africa has emerged as one of the most strategic frontiers for global investment, trade, innovation, and economic transformation. With a population projected to exceed 2.5 billion by 2050, abundant natural resources, a rapidly expanding middle class, and the world’s youngest workforce, the continent is increasingly attracting the attention of governments, multinational corporations, investors, development institutions,…