ALCB Fund

The African Local Currency Bond Fund ("ALCB Fund") is a pan-African investor in local-currency corporate bonds. The ALCB Fund works with African issuers, investors and intermediaries to bring new bond transactions to market, aiming to deepen local capital market ecosystems. The Fund does so by being an anchor investor and providing technical assistance. It is also an advocate, aiming to demonstrate the benefits, for end-beneficiaries, investors and issuers, of local capital markets as a source of sustainable long-term financing. The Fund was established with a dual mandate to support the development of domestic African capital markets, while also channeling private-sector investment to SDG-aligned transactions where the ultimate beneficiaries are low-income households and MSMEs. The Fund invests in a diverse range of sectors, including financial services, infrastructure, agriculture, housing, education, healthcare and renewable energy.