Currency Risk : AfDB invests $25M in TCX to boost local currency hedging capacity

The African Development Bank Group (AfDB) signed an agreement to take a $25 million equity stake in The Currency Exchange Fund (TCX), marking its return as a shareholder in the global currency risk management fund. The signing took place in The Hague, strengthening TCX’s capital base and expanding its capacity to offer hedging instruments in illiquid African currencies, attracting more investors.