The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization between a Multi-Lateral Development Bank (MDB) and private sector investors, pioneering the use of securitization and credit risk transfer technology to a new and previously unexplored segment of the financial markets.

The African Development Bank (AfDB) President, Akinwumi Adesina, has addressed the challenge of creating jobs for youth in Africa, while outlining a number of initiatives the Bank is undertaking to stop the unemployment crisis from complicating Africa’s current security challenges.

“No country can possibly move forward in the 21^st century if it leaves half of its talent on the sidelines,” African Development President, Akinwumi Adesina told delegates at the launch of FinDev Canada, in Montreal, while making the Bank’s case for supporting women.

FinDev Canada is a subsidiary of Export Development Canada (EDC), the country’s export credit agency. Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets.

The African Development Bank and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September 2018. It is the first multijurisdictional fixed income Exchange Traded Fund (ETF) on the continent.

As a leading provider of water and sanitation services in Africa, the African Development Bank (AfDB) and the African Water Facility (AWF) have been invited to participate in World Water Week in Stockholm, Sweden. World Water Week, which takes place from August 28 to September 2, 2016, is the leading annual global event for tackling global water issues and development-related challenges.