EGX considers listing African bond ETF

The EGX could list an exchange-trade fund containing sovereign bonds issued by eight African countries under plans put forward by the African Development Bank (AfDB), the bank said in a statement. The EGX and AfDB last week organized an investor roundtable to discuss listing the African Domestic Bond Fund — which tracks the Bloomberg African Bond Index — on the Egyptian bourse. Representatives from the Central Bank of Egypt and the Financial Regulatory Authority held talks with EGX officials about the plans.