About the Company
CARE Ratings (Africa) Private Limited (CareEdge Africa) is incorporated in Mauritius to provide credit ratings and related services in Mauritius and across other geographies in Africa. CareEdge Africa intends to expand its presence across other geographies in Africa, with Mauritius serving as its hub of operations.
CareEdge Africa is the first credit rating agency to be licensed by the Financial Services Commission (FSC) of Mauritius in May 2015. It has also been recognised by the Bank of Mauritius as an External Credit Assessment Institution (ECAI) since May 2016. In addition, CRAF is licensed by the Capital Markets Authority of Kenya to operate as a Credit Rating Agency in Kenya and by the Capital Market and Securities Authority of Tanzania to operate as a Credit Rating Agency in Tanzania. As part of its expansion strategy, CareEdge Africa has established a wholly owned subsidiary, CARE Ratings South Africa (Pty) Ltd, based in South Africa and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. CareEdge Africa’s shareholders comprise CARE Ratings Limited (CareEdge Group), African Development Bank (AfDB), MCB Equity Fund (MEF), and SBM (NFC) Holdings Limited (SNHL). This strong institutional shareholder base enables CareEdge Africa to leverage established expertise, credibility, and brand recognition across the African continent.
