The bond is expected to be issued by June 2017 and mature for a period of five to seven years.
Mobile money is transforming lives
This will allow easy money transfer to Ethiopia and Uganda
Some fraudsters are stealing bonuses meant to encourage remittances from the diaspora.
This is three times the amount of development aid, according to the World Bank
Africans abroad face the highest transactions fees in the world.
Financial sector development research for policymakers and practitioners
It highlighted remittances and public-private partnerships.
Improved remittances services will ensure that the diaspora is able to safely and cost-effectively send money home to families.
A new AfDB report said financial flows were estimated at $208 billion.