The African Development Bank Collaborates with Bloomberg on the Launch of an African Bond Index

The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) has launched its AFMISM Bloomberg® African Bond Index. Calculated by Bloomberg Indexes, this composite index is comprised of the Bloomberg South Africa, Egypt, Nigeria and Kenya local currency sovereign indices.

“The launch of the indices comes as a welcome development at a time when African countries are increasingly looking to domestic capital markets to source much needed financing for economic development,” says Stefan Nalletamby, the Director of the Financial Sector Development Department of the AfDB

Read more: The African Development Bank Collaborates with Bloomberg on the Launch of an African Bond Index | Press Release | Bloomberg L.P..

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