AfDB makes two additions to its Bloomberg African Bond indices as it deepens local currency bond market

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AFRICA – The African Development Bank (AfDB) has announced the addition of two new countries – Mauritius and Morocco – to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the bank’s efforts to deepen the continent’s local currency bond market. AfDB, according to a statement, administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg. At the launch, the indices included Egypt, Kenya, Nigeria, and South Africa. Botswana and Namibia joined in October 2015, and…

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