Why the Africa Finance Corporation wants to bring local currencies up to date

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The financial institution, owned by several African governments, will now issue bonds in African currencies to finance the continent’s infrastructure – a fresh financial start awaited by many.

The financial institution, owned by several African governments, will now issue bonds in African currencies to finance the continent’s infrastructure – a fresh financial start awaited by many.are on the table. Two other countries have approached us,” says Samaila Zubairu, managing director of the Africa Finance Corporation , who underscores that the main purpose of this new financial vehicle is to “reduce the risks associated with investing in infrastructure”.

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