The African Domestic Bond Fund is managed by the following partners:
African Financial Markets Initiative
Launched in 2008, the African Financial Markets Initiative (AFMI) is an expression of commitment by the African Development Bank (AfDB) to contribute to domestic resource mobilization and bond market development on the continent. Developed in Africa for Africa and focused on a cooperative approach with public and private sector partners, the AFMI will provide innovative and tailored solutions to further develop domestic bond markets on the continent.
African Development Bank
The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries (RMCs). The AfDB was founded following an agreement signed by member states on August 14, 1963, in Khartoum, Sudan, which became effective on September 10, 1964. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). As the premier development finance institution on the continent, the AfDB’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. The AfDB headquarters is officially in Abidjan, Côte d’Ivoire.
MCB Capital Markets
MCB Ltd, a subsidiary and the mainstay of MCB Group Ltd, is the longest-standing and leading banking institution in Mauritius while displaying an increasingly prominent foothold in the region. Backed by its sound business model, modern channel capabilities and high quality customer service, the Bank has, throughout its history, been true to its guiding principle of assisting in the advancement of individuals, corporates and the country at large, thus playing a key role in the socio-economic development of Mauritius. The Bank embraces an innovative culture, with significant progress made in upgrading its IT platform and developing its digital footprint. Furthermore, the Bank, which leverages a network of around 1,200 correspondent banks across the world, has diversified its activities in sub-Saharan Africa and beyond, as gauged by participation in major cross-border deals and transactions as well as the deployment of the ‘Bank of Banks’ initiative. As a responsible citizen, the Bank also promotes social welfare and natural resource protection.