AfDB welcomes Zambia, Ghana to bond index
The African Development Bank (AfDB) has added Zambia and Ghana to its African Bond Index (ABI), expanding the index to the eight most liquid sovereign bond markets in Africa.
The ABI provides investors with a tool with which to measure and track the performance of Africa’s bond markets.
The composite index now comprises South Africa, Egypt, Nigeria, Kenya, Botswana and Namibia local currency sovereign indices, with Ghana and Zambia joining this month.
“More African countries are increasingly looking to domestic capital markets to source much-needed financing for economic development. We expect to include more countries to [the ABI] as soon as reliable pricing information is made available,” said AfDB financial sector development director Stefan Nalletamby.
The ABI is managed in collaboration with the African Financial Markets Initiative, which works to deepen the continent’s local currency bond markets, while creating an environment where African countries can access financing at variable terms.
Meanwhile, in December, the AfDB approved the creation of the first African multijurisdictional fixed-income enhanced exchange-traded fund – the African Domestic Bond Fund (ADBF) – which will track the performance of the ABI. The ADBF is expected to be launched in September.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation