ALCB Fund invests $7M in Swami Agri’s historic $52.2M green bond

The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital , has committed XOF 4 billion ($7 million) to a XOF 30 billion ($52.2 million) green bond issued by Senegalese agricultural producer Swami Agri. This transaction represents Swami Agri’s inaugural foray into the capital markets and stands as the first agricultural green bond ever issued within the West African Economic and Monetary Union (UEMOA). The five-year, local-currency-denominated bond is structurally supported by