Mauritius and Morocco join AfDB Bloomberg bond index

The African Development Bank has announced the addition to two new countries Mauritius and Morocco - to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the bank’s efforts to deepen the continent’s local currency bond market. 

TAfDB administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg. At the launch, the indices included Egypt, Kenya, Nigeria, and South Africa. Botswana and Namibia joined in October 2015, and Ghana and Zambia in April 2017.