African Development Bank announces expansion of its African Bond Index

The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/ AFMISM Bloomberg® African Bond Index (ABABI) in February 2015. Calculated by Bloomberg Indices, the composite index is currently comprised of the Bloomberg South Africa, Egypt, Nigeria and Kenya local currency sovereign indices and will be joined from October 2015 by Botswana and Namibia.

“As more African countries are increasingly looking to domestic capital markets to source much-needed financing for economic development, we are delighted to welcome Botswana and Namibia to the index and expect to include more countries to it as soon as reliable pricing information is made available,” says Stefan Nalletamby, Director of the AfDB’s Financial Sector Development Department.

Read more: The African Development Bank announces expansion of its African Bond Index – African Development Bank

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