![The Fund will provide a significant private-sector demonstration effect by making sizable Tier 2 capital available to financial institutions. (Image source: Clara Sanchiz/Flickr)](/images/afdb_bond.jpg)
The Fund will provide a significant private-sector demonstration effect by making sizable Tier 2 capital available to financial institutions. (Image source: Clara Sanchiz/Flickr)
To strengthen the capital base of local financial institutions and stimulate Africa’s corporate bond market, the African Development Bank (AfDB) has approved a US$10mn investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager