The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has successfully raised $30 million through the issuance of a 10-year bond under its Euro Medium Term Note (EMTN) programme. This milestone transaction marks the fund’s first investment from a private institutional investor—a UK-based insurance company—signaling growing international confidence in Africa’s local currency debt markets. Executed in partnership with HSBC, which acted … Continue reading ALCB Fund secures $30M from UK institutional investor in landmark 10-year bond issuance