Country Ratings: Africa
Up-to-the-minute, worldwide country risk analyses are produced by the internal Country Risk Unit of the Euler Hermes Group. These country specialists monitor political and economic developments across the globe on an ongoing basis. You can read their reports here at any time and with up-to-date assessments.
Here you can find up-to-the-minute information on countries in Africa. You can download PDF files on the countries concerned.
N.B.: The country rating is an evaluation of the risk of payment default for short-term business in a specific country due to political and/or economic factors.
Country ratings are subject to modification. The ratings always refer to the date given in connection with the country concerned.
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Euler Hermes Country Ratings (PDF)
Algeria
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 12 January 2011
Angola
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 6 October 2010
Country Review dated 5 August 2010
Benin
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 27 October 2010
Botswana
as per 6/2011
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Brief information dated 10 February 2010
Country Review dated 3 December 2010
Bouvet Island (N)
as per 6/2011
Burkina Faso
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 20 April 2011
Country Review dated 23 March 2011
Burundi
as per 8/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 3 March 2010
Country Review dated 26 August 2011
Cameroon
as per 11/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 2 November 2011
Country Review dated 31 July 2009
Cap Verde
as per 6/2011
Central African Republic
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 30 July 2010
Chad
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 29 April 2010
Country Review dated 4 January 2010
Comoros
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 5 August 2010
Congo, Democratic Republic
as per 12/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 14 December 2011
Country Review dated 1 March 2010
Congo, Republic
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 28 October 2009
Cote d'Ivoire
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 6 April 2011
Djibouti
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 4 February 2010
Country Review dated 1 March 2010
Egypt
as per 1/2012
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M3
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 18 January 2012
Equatorial Guinea
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 19 May 2010
Country Review dated 18 November 2010
Eritrea
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 21 August 2009
Ethiopia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 26 May 2010
Country Review dated 21 August 2009
Gabon
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 24 March 2010
Country Review dated 1 March 2010
Gambia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 17 September 2010
Ghana
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 25 May 2011
Country Review dated 15 November 2010
Guinea
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 21 October 2010
Country Review dated 9 July 2010
Guinea-Bissau
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 21 April 2010
Country Review dated 19 February 2010
Kenya
as per 11/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 9 November 2011
Country Review dated 26 February 2010
Lesotho
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 25 November 2009
Country Review dated 16 October 2009
Liberia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 23 September 2009
Country Review dated 21 August 2009
Libya
as per 10/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 27 October 2011
Madagascar
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 24 November 2010
Country Review dated 5 August 2010
Malawi
as per 7/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 27 July 2011
Country Review dated 2 December 2009
Mali
as per 7/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 21 July 2011
Mauritania
as per 9/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 7 September 2011
Country Review dated 26 August 2011
Mauritius
as per 6/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Brief information dated 5 May 2010
Country Review dated 16 July 2010
Mayotte (F)
as per 6/2011
Morocco
as per 1/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M1
Significant vulnerability risk. Low cyclical risk.
Brief information dated 25 January 2012
Mozambique
as per 9/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 14 September 2011
Country Review dated 26 August 2011
Namibia
as per 6/2011
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Brief information dated 2 December 2009
Country Review dated 11 September 2009
Niger
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 27 April 2011
Nigeria
as per 1/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 12 January 2012
Reunion (F)
as per 6/2011
Rwanda
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 9 September 2009
Country Review dated 15 October 2010
Sao Tomé and PrÃncipe
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Country Review dated 27 August 2010
Senegal
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 24 February 2010
Country Review dated 1 February 2010
Seychelles
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 4 June 2010
Sierra Leone
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 23 September 2009
Country Review dated 10 September 2010
Somalia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 10 December 2010
South Africa
as per 1/2012
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M1
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 25 January 2012
Country Review dated 2 December 2009
St. Helena (UK)
as per 6/2011
Sudan
as per 7/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 6 July 2011
Country Review dated 8 December 2010
Swaziland
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Country Review dated 9 July 2010
Tanzania
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 10 November 2010
Country Review dated 1 March 2010
Togo
as per 8/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 17 March 2010
Country Review dated 26 August 2011
Tunisia
as per 1/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M3
Significant vulnerability risk and high cyclical risk.
Brief information dated 18 January 2012
Uganda
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 4 May 2011
Country Review dated 4 October 2009
Zambia
as per 9/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 21 September 2011
Country Review dated 3 September 2010
Zimbabwe
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 10 February 2010
Country Review dated 20 October 2009
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