In order to facilitate access to finance by local currency in Africa, the African Development Bank announced the validation of a contribution from 25 million USD in the TCX Local Currency Exchange Fund. The announcement was made on Wednesday September 17, 2025.

The participation of the ADB is part of its strategy which aims to reduce the exposure of African borrowers to currency risks. This Investment primarily targets so-called fragile countries and poor economies served and high-risk markets, where hedging instruments traditional ones remain limited. The ADB hopes to attract more institutions of development finance and private investors, strengthen integrating Africa into global capital markets and supporting more sustainable growth, by joining the capital of TCX. According to Ahmed Attout, director of the Financial Sector Development Department of the BAD, “this is an important step in deepening the markets of African capital and address the root causes of over-indebtedness.” For For his part, the partnership with TCX will make it possible to unlock financing in currency local for micro, small and medium-sized enterprises (MSMEs), infrastructure and other strategic sectors.