On Tuesday, September 27, MCB Capital Markets (MCBCM) announced on the Botswana Stock Exchange a secondary listing of the African Domestic Bond Fund (ADBF).

Launched in September 2018 with a primary listing on the Mauritius Stock Exchange, ADBF is a dollar-denominated exchange-traded fund managed by MCB Investment Management, the arm of asset management by MCB Group. The African Development Bank is its main investor and sponsor. Indeed, this contribution, announced by MCB Capital Markets, aims to promote the development of capital markets in local currencies in Africa and to give investors access to pan-African government bonds through a transparent, profitable and profitable vehicle. liquid.

According to Stefan Nalletamby, director of the Financial Sector Development Department at the African Development Bank, this step represents a positive development because The fund's local asset status will allow institutional investors in Botswana to invest in the fund. “This listing is part of our mandate to develop products on financial markets in all of our regional member countries,” he said.