African Development Bank sells Industrialize Africa theme bond for AUD 50 million
Abidjan, Côte d’Ivoire, September 28, 2017 – The African Development Bank (AfDB) has sold its first “Industrialize Africa” theme Bond to Fukoku Mutual Life Insurance Company, the sole investor in the transaction, for AUD 50 million. Africa is at the bottom of the global value chain because African economies rely on raw commodities. Its share …