The African Development Bank (AfDB) mobilized on April 14 the equivalent of $258.8 million from various European and African capital markets, we learned. A significant part of this resource, $ 251.2 million, was mobilized on the Swedish capital market for the equivalent of SEK2.5 billion.

The interest rate offered on this loan is 0.24% with a repayment date of 14 April 2023. Two other smaller loans were raised on the Turkish and South African capital markets for a rate of 0%, reflecting the strong confidence of investors.

The AfDB has mobilized in about ten operations a total of $3.45 billion in various capital markets since the beginning of 2020. The most significant operation was carried out on April 3, 2020, and the Bank obtained 3 billion for an interest rate of 0.75% with a three-year maturity. The pan-African bank said it will use the money to support its member countries in the implementation of solutions to the consequences of covid-19.

Idriss Linge