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AfDB and MCB to launch African domestic bond fund

The event will take place at Ebony 1, Hennessy Park Hotel, Cybercity, Ebene, Mauritius. (Image source: Roo Reynolds/Flickr)

The African Development Bank (AfDB) and MCB Capital Markets has announced to launch of the African domestic bond fund (ADBF), the first multijurisdictional sovereign fixed income exchange-traded fund on the continent

AfDB and MCB is inviting participants during the launch event, which is set to be held at Ebony 1, Hennessy Park Hotel, Cybercity, Ebene, Mauritius on 10 September 2018.

“This event will give you the opportunity to learn more about African capital markets and to understand why we believe in this investment opportunity,” said Afdb.

The bank further added that the ADBF is expected to be officially listed on the stock exchange of Mauritius and start trading on 18 September 2018.

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