# Africa’s private credit market is expected to keep expanding as companies and infrastructure projects look beyond banks for finance. Credit ratings agency Moody’s says the market remains small but has grown rapidly, with assets under management rising from 28-billion-rand in 2020 to 89-billion-rand by the end of last year. Moody’s says the growth is being driven by gaps in traditional lending, particularly for infrastructure and small and medium-sized businesses. It expects the trend to continue as banks remain cautious about providing longer-term finance.
Africa’s private credit market set to keep growing