The ALCB Fund and FMO boost local currency financing and African capital market development
Nairobi, 6 October 2017 -- FMO has agreed to provide a long-term loan of USD 10 million to the African Local Currency Bond Fund (ALCB Fund). The ALCB Fund acts as an innovative anchor investor in local currency bond issuances across the African continent.
Microcred Senegal - September 2017 Ratings Affirmation
Dakar, 28 September 2017 -- West Africa Rating Agency (WARA) announces today the publication of its rating review on Microcred Senegal (MCS). On WARA’s regional rating scale, the long-term rating of MCS is affirmed at ‘BBB’, in the investment-grade category, while its short-term rating remains ‘w-4’.
CNBC interview: IFC's $20mn investment in fund for African bond markets
The International Finance Corporation has announced that it will invest $20 million in the African Local Currency Bond Fund. The fund will help develop local currency markets in Africa. CNBC Africa's Nozipho Mbanjwa spoke to Karl von Klitzing, Project Manager at KfW Development Bank and James Doree, Director at Lion's Head Global Partners for more ...
The African Green Bond Market
This memo provides an overview of the global green bond market as well as background and context on market standards and market development to date. The paper then provides insight in to the current status of green bonds in Africa. While lagging relative to other geographies, their has been noticeable movement in three Sub-Saharan countries to drive development forward. This paper provides insight in to these developments.
IFC announces investment of $20 million in the African Local Currency Bond Fund
Nairobi, Kenya, May 11, 2017 -- IFC, a member of the World Bank Group, today announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop local currency capital markets in Africa. The ALCB Fund was established by KfW Development Bank on behalf of the German Ministry for Economic Cooperation and Development (BMZ) in 2012 to support the development of African bond markets and to improve private sector access to long-term, local currency financing ...
FSD Africa invests £15.3 million in the African Local Currency Bond Fund
Nairobi, 9th May 2017 – Financial Sector Deepening Africa (FSD Africa) and KfW Development Bank announce that they have agreed terms under which FSD Africa will invest £15.3 million in the African Local Currency Bond Fund (ALCBF). When fully subscribed, this fresh injection of capital will take ALCBF’s total equity to £53m, substantially increasing the fund’s investment firepower ...
AFB Ghana - April 2017 Ratings Affirmation
Johannesburg, 18 April 2017 -- Global Credit Ratings has today placed the following final, public long term credit rating of ‘BBB(GH)’ with a Stable Outlook accorded to the Medium Term Notes (‘MTN’) Programme of AFB (Ghana) PLC, Under Review.