Mission & Objectives

AFMI is designed to further develop domestic debt markets on the continent by strengthening domestic bond market infrastructure and investing in local currency denominated debt.

The objectives of the AFMI are as follows:

  • To contribute to the development of local currency debt markets in Africa
  • To enable governments to improve the terms at which they borrow in domestic financial markets, thus reducing their dependence on foreign currency denominated debt
  • To help enlarge the investor base in African Domestic debt Markets
  • To improve availability and transparency of African Fixed Income Markets related data
  • To provide alternative sources of long-term funding for borrowers in African currencies
  • To act as a catalyst for the development and stability of financial markets as well as for regional financial integration
  • To create a permanent forum for discussion and provision of technical assistance on domestic bond market issues