On December 8th, 2011 the Ecobank Group launched Middle Africa’s first Bond Index. This is the first benchmark index to measure sub-Saharan domestic bond markets, excluding South Africa. The Ecobank Middle Africa Bond Index (or “MABI”) was developed in partnership with Nedbank Capital.

The weighting formula of the index will reflect the influences of changes in GDP indicators, liquidity levels and the regulatory environment of the region.

Paul-Harry Aithnard, Group Head of Research at Ecobank said that the Ecobank MABI provided a unique performance benchmark for investors looking to diversify their African fixed income portfolio or to broaden their overall exposure to frontier markets and that by providing a highly visible way of measuring returns, the Ecobank MABI was likely to attract more investors to Middle Africa’s bond markets and, ultimately, improve market liquidity.”