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African Development Bank (Abidjan)

Africa's 1st Multi-Jurisdiction Fixed Income Exchange Traded Fund

The Board of Directors of the African Development Bank (AfDB) has approved a seed equity capital investment of $25 million into the African Domestic Bond Fund (ADBF). The ADBF is expected to be a game-changer for the investors' community to access the African markets. It is structured as an enhanced Exchange Traded Fund (ETF) listed in Mauritius, but will also be listed in other stock exchanges in order to invite other investors to invest in the fund. Read more. More about AfDB in this BRIEFING

Photo: ADBF

The African Domestic Bond Fund (ADBF) was conceived as part of the African Financial Markets Initiative (AFMI)), dating back to 2008. Its objectives are to contribute to the development of local debt markets in Africa, by strengthening the domestic bond market infrastructure and investing in local currency-denominated debts.