African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing Across Africa

AfDB Injects $25 Million into TCX to Protect African Borrowers from Currency Risks - TV360 Nigeria

The African Development Bank (AfDB) has approved a $25 million equity investment in The Currency Exchange Fund (TCX), a strategic move designed to bolster access to local currency financing across Africa and protect borrowers from the dangers of foreign exchange volatility. In a statement released on Thursday, the Bank’s Board of Directors confirmed the approval, positioning AfDB as a major partner in TCX’s efforts to expand currency hedging sol…

African Development Bank approves Equity Investment in Currency Exchange Fund to support Access to local currency financing across Africa - Platform Africa

ABIDJAN, Ivory Coast, September 18, 2025/APO Group: The African Development Bank Group has approved an equity investment of USD 25 million in The Currency Exchange Fund (TCX), a global leader offering long-term local currency hedging solutions in emerging and frontier markets. This strategic investment aims to bolster TCX’s capital base, enhance its risk-bearing capacity, and

AfDB Invests US$25 Million in Currency Fund to Combat Africa's Debt Crisis

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/afdb-invests-us25-million-in-currency-fund-to-combat-africas-debt-crisis/The African Development Bank has approved a $25 million equity investment in The Currency Exchange Fund, a specialized hedging facility designed to reduce foreign exchange risks that have contributed to Africa’s mounting debt distress across multiple countries. The board deci…

AfDB invests $25m in exchange fund to ease debt distress in Africa

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 Afric…

African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing across Africa

African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing across Africa