The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

The African Development Bank and Bloomberg launch African Bond Index

Share |

New index now available on the Bloomberg Terminal

Following the announcement of the collaboration between Bloomberg and the African Development Bank (AfDB) in December, Bloomberg and the AfDB through the African Financial Markets Initiative (AFMI) have launched the AFMISM Bloomberg® African Bond Index (ABABI), a new family of African bond indices. Calculated by Bloomberg Indexes, this composite index is comprised of the Bloomberg South Africa, Egypt, Nigeria and Kenya local currency sovereign indices.

“The launch of the indices comes as a welcome development at a time when African countries are increasingly looking to domestic capital markets to source much-needed financing for economic development,” said Stefan Nalletamby, the Director of the Financial Sector Development Department of the AfDB.

The current index includes an African sovereign bond index comprised of the four most liquid bonds in Africa and three sub-indexes for different maturity ranges. To be included in the index, a security must have at least one year remaining to maturity and withstand price stability tests. In partnership with Bloomberg, the AFMI will be reviewing the addition of new countries on a biannual basis, i.e. June and December. More markets are expected to be added to the index this year.

“There is a clear need for a transparent and objective benchmark for sovereign debt in Africa. Well-crafted indices are essential in the assessment of value in markets while contributing to liquidity by giving investors a benchmark to evaluate their performance,” said David Tamburelli, Head of Emerging Markets Product, Bloomberg L.P.

The AFMI works to deepen the continent's local currency bond markets and also strives to create an environment where African countries can access financing at variable terms. By providing transparent and credible benchmark indices, the AFMI through its work with AfDB and Bloomberg will provide investors with a tool with which to measure and track the performance of Africa’s bond markets.

The African Development Bank and the African Development Fund (collectively referred to as “AfDB”) are not affiliated with Bloomberg. AfDB does not represent or endorse the accuracy, completeness, reliability or current validity of any advice, opinion, statement or other information provided by Bloomberg contained in the publication, not does it make any warranties or representations as to the accuracy, completeness, reliability or current validity of any data or information relating to the AFMISM Bloomberg® African Bond Index.

About Bloomberg:

Bloomberg, the global business and financial information and news leader, gives influential decision-makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real-time financial information to more than 320,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Government, Bloomberg New Energy Finance and Bloomberg BNA, the company provides data, news and analytics to decision-makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and three magazines, Bloomberg Businessweek, Bloomberg Markets and Bloomberg Pursuits, covers the world with more than 2,400 news and multimedia professionals at more than 150 bureaus in 73 countries. Headquartered in New York, Bloomberg employs more than 15,500 people in 192 locations around the world. For more information, visit

Bloomberg® is a service mark of Bloomberg Finance L.P. and its affiliates and has been licensed to the African Development Bank.

You are currently offline. Some pages or content may fail to load.