World Bank mired in $1 billion ETF case in Africa

World Bank mired in $1 billion ETF case in Africa

The World Bank and other defendants face a $1 billion compensation package for alleged breaches of trade secrecy in the launch of exchange-traded funds (ETFs) on a stock exchange in Africa.

Someone shares this article with you
            ▪ World Bank mired in $1 billion ETF case in Africa

▪ The World Bank and other defendants face a $1 billion compensation package for alleged breaches of trade secrecy in the launch of exchange-traded funds (ETFs) on a stock exchange in Africa.

https://www.africabusinessplus.com/en/806479/world-bank-mired-in-1-billion-etf-case-in-africa/

To accomplish its mission of halting the spread of poverty through education, health and infrastructure development programs, the multilateral financial institution founded in 1944 often relies on developing capital markets in developing countries.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Stock exchange

21/01/2021 at 16h24, by Tarik Bargal

Nigerian Stock Exchange and World Bank initiate legal defence in African ETF suit

In an extraordinary case, an Exchange Traded Funds/ETF financial investment advisor is taking an African...

Construction & Infrastructure

27/10/2020 at 16h47, by Africa Business+, updated 29/10/2020

World Bank studies Antananarivo transport project while Ravatomanga takes delivery of trams

Swiss firm Transitec, the Canadian CPCS and Malagasy firm Evolutis have been commissioned by the finance...

Construction & Infrastructure

29/09/2020 at 15h30, by Valentin Grille

Ghana Water Co repeat beneficiary of World Bank windfall ($55m)

The Washington-based institution will add $125m to the $150m already spent on sanitation in the capital...

Bank

09/10/2019 at 15h59, by El Mehdi Berrada, updated 22/10/2019

Attijariwafa Bank hires Reda Hamedoun, former member of the Royal Cabinet of Morocco and the World Bank

Jeune Afrique Business+ sources indicate that he joined the bank several weeks ago with a view to heading...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.