Home 〉 African Local Currency Bond Fund (ALCBF)
The ALCBF promotes primary corporate bond issuances in local currency by working with African issuers, investors, and intermediaries to bring new deals to market. The Fund does so by acting as an anchor investor and through technical assistance, investing in transactions where the ultimate beneficiaries are low-income households and MSMEs. Focus sectors include financial inclusion, infrastructure, agriculture, housing, education, healthcare, and renewable energy.
Tagline
Deepening Africa’s local currency bond markets
Sector
Capital Markets
Location
In portfolio since
2017
Our role
Our investment
Purpose and target market
“We value the longstanding commitment of FSDAi to the ALCB Fund. Our shared objectives, including the development of African capital markets, has supported many businesses and low-income households across the continent.” Brock Hoback, LHGP Asset Management (Fund Lead to ALCBF)
Impact to date
5 million Customers given access to basic services through ALCBF investments in renewables
1.6 million Households connected to clean energy distributors via ALCBF investments
3.7 million individuals and MSMEs provided with improved access to financial services
70 #Bonds issued to date
USD 220m Value of Bond investments to date
USD 1,840m Private sector co-investment mobilized
Investee contacts
LHGP Asset Management,
130-132 Buckingham Palace Road,
London, SW1W 9SA,
United Kingdom
www.alcbfund.com/contact
FSD Africa contact
Riverside Green Suites (Palm Suite), Riverside Drive, Nairobi
FSDAi-info@fsdafrica.org