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BREAKING: S&P Global strikes deal to buy majority stake in Agusto & Co.

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S&P Global has announced an agreement to acquire a majority stake in Agusto & Co., a leading Pan-African credit rating agency with operations across Nigeria, Kenya, Rwanda, and Ghana.

The global ratings and financial information company disclosed the development in a statement released on Tuesday, saying the acquisition is aimed at strengthening its presence in Africa’s growing financial markets.

Agusto & Co. is widely recognized for providing credit ratings, research, and advisory services to financial institutions, corporations, and governments across the continent.

The transaction is expected to enhance S&P Global’s footprint in Africa while expanding access to international credit rating expertise.

The investment, described asd a strategic step for both companies, will complement and support the growth strategy of the S&P Global ratings division in Africa.

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Pearl Essien is a digital content creator and a graduate of the prestigious University of Calabar. With over four years of experience in writing, she specializes in crafting engaging stories that inform and inspire readers. Outside of her work, Pearl enjoys storytelling, reading, and playing table tennis, bringing the same curiosity and passion to her hobbies as she does to her writing.

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