Bloomberg and the African Development Bank launch African bond index

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The new composite index is set to bring transparency to most liquid African bond markets.

The African Development Bank (AfDB) has partnered with Bloomberg to launch the AFMISM Bloomberg® African Bond Index. Calculated by Bloomberg Indexes, this composite index includes the Bloomberg South Africa, Egypt, Nigeria and Kenya local currency sovereign indices, considered as the four most liquid bonds in Africa. It also includes three sub-indexes for different maturity ranges.

"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," said Stefan Nalletamby, Director of the Financial Sector Development Department at the AfDB.

Full story on mfw4a.org

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