Africa

Webinar summary report: FX risk in the African banking sector

The Making Finance Work for Africa (MFW4A) partnership, in collaboration with TCX, organized a webinar to present the survey results on how foreign exchange risk and matters arising from it affect both African banks and non-bank financial institutions (NBFIs) and their clients. This webinar showcased how banks and NBFIs are exposed to currency risks and the practices they have adopted to mitigate these risks, as well as the challenges they are facing. 

Webinar summary report: FX risk in the African banking sector

The Making Finance Work for Africa (MFW4A) partnership, in collaboration with TCX, organized a webinar to present the survey results on how foreign exchange risk and matters arising from it affect both African banks and non-bank financial institutions (NBFIs) and their clients. This webinar showcased how banks and NBFIs are exposed to currency risks and the practices they have adopted to mitigate these risks, as well as the challenges they are facing. 

Webinar Presentation: FX risk in the African Banking sector: Survey results

The Making Finance Work for Africa (MFW4A) partnership, in collaboration with TCX, organized a webinar to present the survey results on how foreign exchange risk and matters arising from it affect both African banks and non-bank financial institutions (NBFIs) and their clients. This webinar showcased how banks and NBFIs are exposed to currency risks and the practices they have adopted to mitigate these risks, as well as the challenges they are facing. 

Webinar Presentation: FX risk in the African Banking sector: Survey results

The Making Finance Work for Africa (MFW4A) partnership, in collaboration with TCX, organized a webinar to present the survey results on how foreign exchange risk and matters arising from it affect both African banks and non-bank financial institutions (NBFIs) and their clients. This webinar showcased how banks and NBFIs are exposed to currency risks and the practices they have adopted to mitigate these risks, as well as the challenges they are facing. 

Webinar Presentation: FX risk in the African Banking sector: Survey results

The Making Finance Work for Africa (MFW4A) partnership, in collaboration with TCX, organized a webinar to present the survey results on how foreign exchange risk and matters arising from it affect both African banks and non-bank financial institutions (NBFIs) and their clients. This webinar showcased how banks and NBFIs are exposed to currency risks and the practices they have adopted to mitigate these risks, as well as the challenges they are facing. 

African Development Bank launches inaugural EUR 500 million 2.875% short 4-year Green Benchmark due March 2028

On Wednesday 15 May 2024, the African Development Bank (“AfDB”), rated Aaa/AAA/AAA (Moody’s/S&P/Fitch) successfully launched and priced an inaugural EUR 500 million short 4-year Green Benchmark, the second green bond issued under the Bank’s new Sustainable Bond Framework, established in September 2023. The bond due March 2028 pays a coupon of 2.875% with a re-offer yield of 2.947%.

African Development Bank launches inaugural EUR 500 million 2.875% short 4-year Green Benchmark due March 2028

On Wednesday 15 May 2024, the African Development Bank (“AfDB”), rated Aaa/AAA/AAA (Moody’s/S&P/Fitch) successfully launched and priced an inaugural EUR 500 million short 4-year Green Benchmark, the second green bond issued under the Bank’s new Sustainable Bond Framework, established in September 2023. The bond due March 2028 pays a coupon of 2.875% with a re-offer yield of 2.947%.