So how can the African credit rating agency demonstrate that its ratings are objective, rigorous and internationally credible rather than simply more favorable to African borrowers only?

So, yes, that's going to be the main challenge because at the end of the day, the capital is sitting on the hands of the creditors.

So the first few years of this rating agency should actually focus on getting credibility and building reputation as an independent, rational, qualified rating agency.

And of course, you know, the globally renowned, especially the big three rating agencies like Moody, Standard and Poor and Fitch, they've been there for, you know, decades.

And they're also physically and also culturally, socially close to the main international creditors and lenders.

So it's going to take time.

until this rating agency the african credit rating agency sits in parallel to the other international renowned rating agencies so the first few years should not actually be invested on you know coming up with as many country ratings as possible and then trying to unlock as many capital no they don't have to be excessively harsh but at the same time they have to make sure that forever very main objective, technically rigorous as the international rating agencies, the other international rating agents.

So at what point can this dependence begin to limit a country's economic sovereignty? And also, how can governments balance the need for external financing with their right to determine their own development priorities?