AfDB invests $25m in exchange fund to ease debt distress in Africa
[NigerianEye - Nigeria] - 18/09/2025
The African Development Bank (AfDB) has approved an equity investment of $25 million in The Currency Exchange Fund (TCX), a development finance initiative that provides long-term local currency hedging solutions in emerging and frontier markets. In a statement on Wednesday, the bank said the investment would boost TCX’s capital base and risk-bearing capacity, allowing it to expand access to hedging instruments in illiquid and less liquid African currencies. “The Bank’s investment will crowd in additional DFIs and private investors, reinforce Africa’s integration into global capital (…)
... Article published by "NigerianEye" (Nigeria), read more
For any information or claim on this article, see directly with the newspaper.
In Nigerian newspapers
Benue 2027: Aondoakaa pledges to unite Benue people, end Insecurity
Nigerian Concord Newspaper A Benue state frontline governorship aspirant for 2027 and former Attorney General of the (…)
[Nigerian Concord] - 18/09/2025
Four FIRS staff killed in fire outbreak at Afriland Towers
The Federal Inland Revenue Service (FIRS) says four of its staff members died in Tuesday’s fire at Afriland Towers (…)
[NigerianEye] - 17/09/2025
Pate, Salako, regulators, others to headline 2025 health equity conference
By Abubakar Yunusa The Minister of Health and Social Welfare, Prof Muhammad Ali Pate, and his deputy, Dr Iziaq (…)
[Peoples Daily] - 18/09/2025
Edo Police to Discipline Officers for Extortion, Recovers N300,000
Adibe Emenyonu in Benin City The Edo State Police Command on Monday said it has recovered N300,000 extorted from a (…)
[ThisDayLive] - 16/09/2025
Jumia Nigeria Kicks Off Brand Festival 2025 with Exclusive Deals
A two-week celebration of choices, innovation, and value for Nigerian shoppers Jumia, Africa’s leading e-commerce (…)
[Nigeria Communications Week] - 13/09/2025
