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Hello, I'm Miryam Campbell, Molto RE’s Managing Editor, joining you from London. This is Molto News, Markets, with your Africa report. These are selected developments from the region, drawn from dated original releases.

Published on 01 November 2026. The Presidents of the African Development Bank Group and the Islamic Development Bank Group met in Jeddah to discuss progress on a $4 billion co-financing target for 27 African countries. The 2024-2029 Cooperation Framework, which aims to achieve this target, has seen 66% of the operations approved, totalling $2.65 billion. Dr Muhammad Al Jasser, President of the Islamic Development Bank, highlighted the importance of translating the Arab-African partnership into concrete initiatives. Dr Sidi Ould Tah, President of the African Development Bank, expressed confidence in achieving more ambitious targets and strengthening coordination with the Arab Coordination Group. The meeting also touched on the New African Financial Architecture for Development, which aims to mobilise Africa's domestic savings to bridge a $400 billion funding gap annually.

Published on 30 October 2026. The African Development Bank has successfully completed its first bond issuance in Moroccan dirhams, totalling one billion dirhams. This inaugural issue, which matures in seven years and carries a floating interest rate, is part of the Bank's strategy to diversify its financing offerings in Morocco. The transaction, a private placement with qualified investors, is seen as a step towards developing local currency financing capabilities, with the Bank considering establishing a dedicated dirham treasury portfolio. The completion of this transaction is a result of close collaboration between the Bank, Moroccan authorities, and local financial market participants, and is part of the Bank's broader strategy to support the gradual development of local currency financing in Morocco.

That is your Africa markets report. You can read the full transcript and follow the original sources on the Markets page. I'm Miryam Campbell for Molto RE.