AfDB approves US$10mn equity investment in financial sector deepening fund

To strengthen the capital base of local financial institutions and stimulate Africa‚Äôs corporate bond market, the African Development Bank (AfDB) has approved a US$10mn investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager Source: African Review AfDB approves USmn equity investment in financial…

Details