A fairer credit rating system for African countries could save billions

Rwanda has made impressive progress in driving inclusive digitalization across its economy. By harnessing data-driven insights, the country has empowered evidence-based policymaking, fostered innovation, and catalyzed digital transformation of Rwandan society. In this episode, host Landry Signé speaks with Crystal Rugege, managing director of Rwanda’s Center for the Fourth Industrial Revolution (C4IR), about her journey from Silicon Valley to driving impactful technology initiatives in Rwanda and Africa. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

The African Continental Free Trade Area (AfCFTA) aims to create one market across the 55 countries of the African Union, promising free movement of goods, services, investment, people, and cooperation. In this episode, host Landry Signé speaks with Francis Mangeni and Andrew Mold, both experts on African trade and regional integration, about the status of African integration under AfCFTA and how to catalyze its continued implementation. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

Climate change is one of the biggest challenges the continent of Africa faces, but with severe challenges come generational opportunities. In this episode, host Landry Signé interviews Vera Songwe, chair of the board of the Liquidity and Sustainability Facility and a Brookings Africa Growth Initiative nonresident senior fellow, about those opportunities including, as she argues, converting Africa’s assets like the largest carbon sink in the world into financial resources that African countries can invest in growth. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].  

Angola has faced waves of economic uncertainty over the last decade—from oil price shocks in 2014 and 2023 to the spillover effects’ of COVID-19. Despite these challenges, Angola is determined to manage the ramifications to its economy. Host Landry Signé is joined by Angola's minister of finance, Vera Esperança dos Santos Daves de Sousa, to discuss the country’s tools for addressing both debt distress and preempting future economic shocks. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

The African Union’s Agenda 2063 and the African Free Continental Trade Agreement (AfCFTA) are two examples of landmark efforts to positively transform the continent. Host Landry Signé is joined by Chido Munyati, the head of Africa at the World Economic Forum, to discuss how the program is supporting these unprecedented initiatives. Munyati shares the current regional integration efforts, private sector partnerships, and how policymakers can leverage the demographic dividend to strengthen the continent. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

Public procurement is the system of laws and operational arrangements that allows the public sector, including the government, to purchase goods and services, with the aim to maximize social welfare and do public good. However, many African countries fail to address legal and social impediments women-owned businesses face when trying to participate in procurement activities. Host Landry Signé is joined by Professor Sope Williams to describe these barriers a Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

Artificial intelligence’s acceleration has increased the need for data regulation and privacy protections globally. Chinasa Okolo joins host Landry Signé to discuss AI’s impact on the African continent and the continent’s current policy landscape. Okolo explains why a lack of policy and privacy protection is harmful, and how to design an inclusive AI regulation framework beneficial to all. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

Subjectivity and bias in credit ratings cost African countries up to $24 billion in interest and over $46 billion in foregone lending. On this episode, host Landry Signé is joined by Raymond Gilpin and Daouda Sembene to discuss their 2024 Foresight Africa piece “Making Africa’s credit ratings more objective.” Gilpin and Sembene discuss the reasons this subjectivity and bias exist, the costly implications, and government and private-sector solutions for improving credit rating objectivity across the continent.  Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].  

Africa has a growing problem: a large population of youth and working-age people with limited employment opportunities. She Leads Africa co-founder Afua Osei joins host Landry Signé to discuss the role entrepreneurs play in closing that gap. Highlighting the importance of technological access, the Africa diaspora and the outsourcing of digital talent, Osei offers insights and solutions into how African entrepreneurs and policymakers can narrow the divide. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].

Policymakers have the tools to make Africa globally competitive as a continent. With an increasingly young and underemployed population, there is a large gap between the continent’s current stasis and its potential for economic growth. Landry Signé is joined by Zouera Youssoufou, CEO of the Aliko Dangote Foundation, to discuss how proper investments in education, health, and infrastructure would give the continent’s vibrant youth the opportunity to succeed. Show notes and transcript Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Afripods, and wherever you listen to podcasts. Send feedback email to [email protected].