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Launched in 2008, the African Financial Markets Initiative (AFMI) is an expression of commitment by the African Development Bank (AfDB) to contribute to domestic resource mobilisation and capital market development on the continent.
Developed in Africa for Africa and focused on a cooperative approach with public and private sector partners, the AFMI an integrated and tailored response to tackle some of the most important issues affecting the development of financial markets in the Region. Through this initiative, the AfDB seeks to strengthen African economies by reducing their dependency on foreign currency denominated debt. It also seeks to increase the available financing options to the African corporate sector and to act as a catalyst for regional market integration.
Created by decision of the Central Africa Heads of States Conference, 2001, the Supervision Commission of the Central AfricanFinancial Market (COSUMAF) is the supervisory, regulatory and control authority of the Central African Financial Market.