AfBD, Bloomberg launch African index of bonds
African Development Bank
Cairo - MENA
The African Development Bank (AfBD), in cooperation with Bloomberg, has launched an AFMI index of African bonds.
The new index includes the local sovereign debt indices of Africa's largest economies: Egypt, South Africa, Nigeria, and Kenya.
The launching of the index came amid growth witnessed by African countries, as they started to pay more focus on domestic financial markets as a significant source for economic development.
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