In 2024, African stock markets delivered a strong performance, with most indices across the continent experiencing significant growth.

The current turmoil in the markets in Europe, Japan and the United States of America may bode well for East African bourses, which have for months been caught in the undertow of the former’s bull runs.

Moody’s Corporation (NYSE:MCO) announced today that it has fully acquired Global Credit Rating Company Limited (GCR), a leading domestic credit rating agency with operations spanning Africa. The announcement follows Moody’s 2022 acquisition of a majority stake in GCR, and expands Moody’s investment in Africa’s domestic credit markets.