Uganda: African Development Bank Concludes 2023 Insurer Roadshow to Mobilize Private Capital for Africa

London, UK — The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group has met with London-based insurers to galvanize continued support of the Bank's balance sheet optimization and mobilization ambitions, in line with its 2023 lending program.

The Bank held an investor relationship event on 28 February, attended by representatives from over 30 insurance companies from the London, Bermudan and other international markets, including many Lloyd's Syndicates. The meeting took place in London on the margins of the upcoming ExCred International conference.

The Texel Group, one of the Bank Group's major brokers, hosted the event, continuing its support of multilateral development banks' sustainable development finance goals.

The interactive session was an opportunity for the insurance market practitioners to learn more about the Bank Group and its mobilisation plans for 2023 and beyond. In a presentation, Max Ndiaye, Acting Director of the Co-Financing, Syndications and Client Solutions department, highlighted the evolution of the Bank's risk transfer activities and the importance of the preferred creditor status in the asset quality of the Bank's sovereign loan book. He also spoke on the origination and approval process of new transactions.

The Bank reinforced the benefits of its preferred credit status with respect to pricing and elaborated on the lack of sovereign defaults on the Bank's loans or credit enhanced facilities...Read more on All Africa

Source: All Africa