Capital markets
Programmes
Africa Local Currency Bond Fund (ALCBF)
FSD Africa Investments has invested debt and equity in the Africa Local Currency Bond facility that will support the development of African capital markets, specifically primary local currency...
Social Impact Bonds
There have been significant developments in the global capital markets to address sustainable development goals (SDGs) in the last 5 years. Within the bond markets, voluntary guidelines have...
OTC Securities Exchange programme
FSD Africa believes that fair and transparent financial markets improve liquidity in capital markets. When a market is liquid, capital is mobilized into more and deeper investments, supporting a...
The Chartered Institute for Securities and Investment (CISI)
The Chartered Institute for Securities and Investment (CISI) is the leading global professional body for securities, investment, wealth and financial planning professionals. The Institute was...
Frontclear
FSD Africa has invested in the Frontier Clearing Fund (FCF) through a subordinated loan note and a grant to the technical assistance facility with the objective of improving interbank liquidity in...
East African Venture Capital Association (EAVCA)
In 2017, FSD Africa partnered with the East African Venture Capital Association (EAVCA) and FMO, the Dutch Development Bank, to conduct research on trends in the fintech space in East Africa. The...
African Securities Exchanges Association (ASEA)
The African Securities Exchanges Association (ASEA), established in 1993, is an association of 27 Securities Exchanges in Africa. The Association works closely with member exchanges to unlock the...
Long-term finance initiative
Long-term finance (LTF) – capital provided for more than one year – is vital to driving Africa’s economic growth and development. However, Africa currently faces significant long-term...
Islamic finance
Islamic finance has gained traction globally as an alternative source of financing for real economic development. The industry is expected to grow globally from $2.4tn in 2017 to $3.2tn by 2020....
Agence UMOA-Titres
We have partnered with Agence UMOA-Titres (AUT), the regional debt management office in the West Africa Monetary Union (WAMU) to develop the region’s bond markets, to support the member...
Green bonds
The global green bond market has grown rapidly over the last three years, with issuances totalling an estimated $167bn in 2018. FSD Africa believes that the emergence of the green bond market...
Capital Markets Regulatory Support Programme
FSD Africa’s Regulatory Support Programme is a continent-wide initiative designed to support capital market regulators to attain international standards. The two-and-a-half-year programme...
