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As part of its International Women’s Day celebrations, the Luxembourg Stock Exchange welcomed the first gender bond from Sub-Saharan Africa issued by NMB Bank Plc in Tanzania. In a special two-part Ring the Bell ceremony which saw the launch of the Luxembourg Women in Finance Charter, the Luxembourg Stock Exchange (LuxSE) was also joined by representatives of NMB Bank, a commercial bank headquartered in Dar es Salaam, Tanzania, to celebrate the display of the bank’s TZS 74 billion (equivalent to USD 32 million) gender bond on the Luxembourg Green Exchange (LGX).
With the stated objective of bringing much-needed financing to women-owned micro, small and medium-sized enterprises in Tanzania, this is the first ever gender bond issued in the East Africa region. The...
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