• About
  • Contact
  • Donate/Support
  • Subscribe
Mansa Banko Online
Advertisement
  • Home
  • News
  • Agric
  • Business
  • Health
  • Politics
  • Science/Tech
  • More
    • Education
    • Human Rights
    • Sports
    • Energy
    • Environment
    • Migration
    • Opinion
    • Tourism
No Result
View All Result
  • Home
  • News
  • Agric
  • Business
  • Health
  • Politics
  • Science/Tech
  • More
    • Education
    • Human Rights
    • Sports
    • Energy
    • Environment
    • Migration
    • Opinion
    • Tourism
No Result
View All Result
Mansa Banko Online
No Result
View All Result
Home Business

African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange

M.E Njie by M.E Njie
January 23, 2020
in Business
0
African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter

LONDON, United Kingdom, January 23, 2020/ — Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank (https://www.AfDB.org/) to open markets for trading at London Stock Exchange on Wednesday 22 January.

The reception in London followed the African Development Bank’s Africa Investment Forum, held in November last year. The innovative market-place for accelerating investment into the continent is playing a valuable role in convening investors and corporates and removing the bottlenecks to investments and enabling a free flow of long-term capital.

The 2019 edition of the Forum, held in Johannesburg, South Africa, saw investor interest secured in deals valued at $40.1 billion. Mozambique featured strongly in the 2019 edition, with state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH), tabling the largest deal worth $24.6 billion.

Wrapping up a three-day visit to the UK, during which he attended the first UK-Africa Investment Summit, Bank President Akinwumi Adesina lauded the prospects of continued collaboration with London Stock Exchange Group.

Don Robert, Chairman, LSEG, said: “Deep and sustainable capital markets are key to supporting African companies and infrastructure. We look forward to continuing to play our part in the development of these markets and attracting investment to Africa. As such, we’re delighted to continue our collaboration with the African Development Bank, which has now formally become a member of LSEG’s Africa Advisory Group.”

“My ringing of the bell here today marks the beginning of a new exciting, strategic, and impactful engagement between the African Development Bank and London Stock Exchange to jointly expand wealth creation in Africa and the UK,” Adesina said.

Looking ahead, the Bank chief said it would be working with LSEG’s Africa Advisory Group (LAAG) to attract a bigger share of the $5 trillion global Exchange Traded Fund Assets under management into African capital markets.

The Bank on Tuesday became a formal member of LAAG, an advocacy group which serves as a platform to enhance the development of African capital markets, boost trade and investment flows between the UK and Africa.

London Stock Exchange Group
             London Stock Exchange Group

Adesina said the synthetic synchronization of £1 billion issued by the Bank had attracted global institutional investors to look at infrastructure in Africa. “We are excited about the recent listing of Kenya’s Acorn Holdings, the country’s first green bond in January 2020,” he added, then also touched on the Africa Investment Forum.

For Chinelo Anohu of the Africa Investment Forum, the visit to London Stock Exchange forms part of the Bank’s efforts to expand and deepen its relationships with foreign investors.

“With its unmatched growth and unparalleled investment opportunities, the next decade will, with no doubt, be Africa’s decade. Today’s ceremony signals the start of a new dawn for Africa, a continent that has embarked on an irreversible path to bring about lasting economic transformation,” she concluded.

“The city of London is the financial center of choice for Africa,” said Matthew Rycroft CBE, Permanent Secretary at the Department for International Development.

On the recently concluded UK-Africa Investment Summit, Rycroft said: “We are delighted with our partnership with the Bank and at the Summit, we made some extremely significant announcements…We announced commercial deals worth £6.5 billion and there are many more in the pipeline…But it is not just about sums of money; it is also about ensuring that our investments are sustainable and that they enable real sustained growth in the economies of Africa.”

One hundred and twelve African companies are listed on London Stock Exchange, with a market capitalization of £125 billion. In 2019, two African telecommunications companies raised £800 million in capital through IPOs in London.

Several distinguished guests were present at the ceremony, including Nikhil Rathi, CEO London Stock Exchange plc, and Suneel Bakhshi, Chair, LSEG International Advisory Groups.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact:
Grace Kiire
Communication and External Relations Department
African Development Bank
Email: g.kiire@afdb.org
SOURCE
African Development Bank Group (AfDB)

Tags: AfDBAfricaAfrica Investment ForumBankGrowthInvestmentLondon Stock ExchangeUK-Africa Investment Summit
Previous Post

Projects for Farmers: President of Livestock Owners Association Wants farmers to have Sense of Ownership

Next Post

ICJ Rules in Gambia’s Favour, Orders Myanmar to Protect Rohingya

M.E Njie

M.E Njie

Mamadou Edrisa Njie is the Publisher and Managing Editor of Mansa Banko Online. Mansa Banko Online is a Gambia-based online newspaper focusing on agricultural reporting. The online medium reports on quality, reliable, factual and authoritative information. Mr. Njie is an alumna of the International Institute for Journalism (IIJ) in Germany and studied Mass Communication at the Institute of Professional Administration and Management (IPAM) in Banjul, The Gambia.

Related Posts

Afrijula- A Digital Tool Empowering Entrepreneurs in The Gambia
Business

Afrijula- A Digital Tool Empowering Entrepreneurs in The Gambia

by Press Release
August 31, 2023
Nioro Jattaba Senior School Teacher Diversifies Income with Poultry Farm
Business

Nioro Jattaba Senior School Teacher Diversifies Income with Poultry Farm

by Freelance
July 25, 2023
FARD’s Agriculture and Environment Secretary Wins Prestigious Women Agriprenuers of the Year Awards (WAYA 2022)
Business

FARD’s Agriculture and Environment Secretary Wins Prestigious Women Agriprenuers of the Year Awards (WAYA 2022)

by Press Release
September 8, 2022
GYIN-ITC Partnership: 40 Youth Poulterers, Apiculturists Complete Digital Marketing Training
Business

GYIN-ITC Partnership: 40 Youth Poulterers, Apiculturists Complete Digital Marketing Training

by Yero S. Bah
April 13, 2022
GAIN Investment Manager Barry on  Limited Investment-Readiness in Gambia
Business

GAIN Investment Manager Barry on Limited Investment-Readiness in Gambia

by Yero S. Bah
April 9, 2022
Next Post
ICJ Rules in Gambia’s Favour, Orders Myanmar to Protect Rohingya

ICJ Rules in Gambia’s Favour, Orders Myanmar to Protect Rohingya

Latest Post

Botswana to Host the 21st RUFORUM Annual General Meeting

Botswana to Host the 21st RUFORUM Annual General Meeting

June 1, 2025
Two Women Leaders to Unveil Amazon Best-Selling Book on Modern Leadership in The Gambia

Two Women Leaders to Unveil Amazon Best-Selling Book on Modern Leadership in The Gambia

May 11, 2025
RUFORUM SEEKS TO BOOST AFRICAN UNIVERSITIES WITH CUTTING-EDGE SCIENTIFIC RESEARCH AND NEW TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT

RUFORUM SEEKS TO BOOST AFRICAN UNIVERSITIES WITH CUTTING-EDGE SCIENTIFIC RESEARCH AND NEW TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT

May 6, 2025
EU YOUTH EMPOWERMENT PROJECT (YEP) – TOURISM AND CREATIVE INDUSTRIES LAUNCH TO CREATE JOBS FOR WOMEN AND YOUTH

EU YOUTH EMPOWERMENT PROJECT (YEP) – TOURISM AND CREATIVE INDUSTRIES LAUNCH TO CREATE JOBS FOR WOMEN AND YOUTH

February 17, 2025
GYIN Gambia and Doorways to Train 30 Youth Entrepreneurs on Personal Initiative (PI)

GYIN Gambia and Doorways to Train 30 Youth Entrepreneurs on Personal Initiative (PI)

February 14, 2025
Sunu Reew Medical Mission donates medical equipment to EFSTH

Sunu Reew Medical Mission donates medical equipment to EFSTH

February 11, 2025
COMHAFAT and COMAIP Sign Memorandum of Understanding to enhance sustainable fishing in Africa

COMHAFAT and COMAIP Sign Memorandum of Understanding to enhance sustainable fishing in Africa

February 5, 2025

Browse by Tags

AfDB Africa Agriculture Banjul business Children Climate Change Covid-19 COVID19 Development ECOWAS Education EU European Union FAO Farmers Finance Food Food Security Gambia Garden Government GYIN Gambia Health Human Rights IFAD Market Migration National Assembly Nigeria People Poultry Poverty Project Rice Rural Senegal The Gambia Trade United Nations Water Women World Bank YEP Youth

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Agriculture
  • Business
  • Crime
  • Education
  • Energy
  • Environment
  • FAO
  • Health
  • Human Rights
  • IFAD
  • Migration
  • News
  • Opinion
  • Politics
  • Press Release
  • Science/Tech
  • Security
  • Sports
  • Tourism
  • Youth

Browse by Tag

AfDB Africa Agriculture Banjul business Children Climate Change Covid-19 COVID19 Development ECOWAS Education EU European Union FAO Farmers Finance Food Food Security Gambia Garden Government GYIN Gambia Health Human Rights IFAD Market Migration National Assembly Nigeria People Poultry Poverty Project Rice Rural Senegal The Gambia Trade United Nations Water Women World Bank YEP Youth

Recent Posts

  • Botswana to Host the 21st RUFORUM Annual General Meeting
  • Two Women Leaders to Unveil Amazon Best-Selling Book on Modern Leadership in The Gambia
  • RUFORUM SEEKS TO BOOST AFRICAN UNIVERSITIES WITH CUTTING-EDGE SCIENTIFIC RESEARCH AND NEW TECHNOLOGIES FOR SUSTAINABLE DEVELOPMENT
  • About
  • Contact
  • Donate/Support
  • Subscribe

Facebook Page

Facebook Page
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2020 Mansa Banko Online | Powered by Faalen Technologies.

No Result
View All Result
  • Home
  • News
  • Agric
  • Business
  • Health
  • Politics
  • Science/Tech
  • More
    • Education
    • Human Rights
    • Sports
    • Energy
    • Environment
    • Migration
    • Opinion
    • Tourism

© 2020 Mansa Banko Online | Powered by Faalen Technologies.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...