8th September, 2023
Rwanda’s Agaciro Development Fund (AgDF) is one of several state institutions seeing a change of leadership this week, with Gilbert Nyatanyi replaced as CEO by Tesi Rusagara, who was serving as the Managing Director at Kigali Innovation City and also board member of the Capital Markets Authority Rwanda. Aged 33, she holds an MBA from Stanford and worked in Deloitte US before returning to Rwanda in 2019.
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7th July, 2023
On Thursday and Friday this week, Agaciro Development Fund hosted the second annual meeting of the African Sovereign Investors Forum (ASIF) in Kigali, Rwanda. The Forum was started by Morocco’s Ithmar Capital last year in Rabat in an attempt to increase collaboration among African SWFs, to compare notes of common challenges, and to create appealing, sizeable, Pan-African investment opportunities for foreign (e.g., Middle Eastern) SWFs.
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2nd September, 2022
After several months of hard work, we are delighted to announce the launch of the SWF Academy, in partnership with London Business School (LBS). The new Executive Education course will be offered a few times a year at LBS campuses in London and Dubai, providing the future leaders of Sovereign Investors with the right tools to succeed.
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23rd August, 2022
The development of African sovereign wealth funds is a slow process and missed targets are the norm, but a combination of the continent’s natural wealth, human resources and political will are facilitating progress.
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20th June, 2022
Today, nine SWFs from Africa came together in Rabat, Morocco, to sign a new partnership agreement, creating the “African Sovereign Investors Forum (ASIF)”. All of them except for Ghana Infrastructure Investment Fund (GIIF) were already members of IFSWF, and four of them are also part of One Planet SWF Group.
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1st December, 2021
Rwanda’s economy has been growing steadily for the past 20 years. In December 2011, the National Dialogue Council proposed the creation of a Sovereign Wealth Fund, which would be funded by contributions of civil servants and the Rwandan diaspora. We had the pleasure of catching up with Mr. Gilbert Nyatanyi, who has been CEO of Agaciro since September 2020 and wants to take his country’s SWF to the next level.
6th November, 2021
The Qatar Investment Authority has thrown its weight behind the US$250 million Virunga Africa Fund I as an anchor investor, alongside the US$2 billion Rwanda Social Security Board (RSSB).
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27th October, 2021
Namibia is set to launch Africa’s newest sovereign wealth fund in coming weeks, but details have been notably sketchy. The SWF will join Africa’s 30 SWFs or sub-funds, most of which are relatively minuscule, with combined wealth of US$98 billion.
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23rd September, 2021
The Qatar Investment Authority (QIA) is in discussions with the Rwandan government on setting up the headquarters of its future fund for sub-Saharan Africa in the small but rapidly developing African state, according to Africa Intelligence.
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17th August, 2021
Papua New Guinea’s struggle to start a sovereign wealth fund demonstrates the difficulties facing resource-endowed least developed countries (LDCs) seeking to put their wealth to good use.
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20th July, 2021
The Rwandan government has appointed seven new board members from the global asset management industry to the Agaciro Development Fund as it seeks to take the sovereign wealth fund to the next level.
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