3rd October, 2023
Renamed the Mutapa Investment Fund after the vast kingdom that covered modern Zimbabwe, Zimbabwe’s sovereign wealth fund is expanding rapidly raising concerns that President Emmerson Mnangagwa is building an empire beyond the remit of the constitution.
1st August, 2023
Among the newest sovereign wealth funds in Africa, the Fonds Souverain de Djibouti (FSD) can be considered a hidden gem. The fund was established in 2020 to help improve governance and catalyze investments in strategic sectors to build long-term wealth for future generations. We had the great pleasure of speaking with its CEO, Mr. Slim Feriani, about the fund’s history, current status and developments, and future plans.
31st July, 2023
Mozambique is set to relaunch its plans for a sovereign wealth fund funded by LNG exports, which stalled in recent years amid instability in the country’s gas-rich north.
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.
6th July, 2023
On June 30, Global SWF published the 2023 GSR Scoreboard that assesses the progress of State-Owned Investors around governance, sustainability, and resilience since 2020. There has been significant improvement in best practices globally during the past three years, including resilience factors.
1st June, 2023
If we talk about emerging SWFs with a specific focus, we need to talk about MIC, which was established in June 2020 to support and accelerate the economic development of Mauritius, grow national wealth, and build the country’s long-term economic resilience. We had the great pleasure of speaking with CEO Jitendra Bissessur about the fund’s origins and plans.
15th May, 2023
Nigeria’s sovereign fund is set to fuel the country’s infrastructure growth with up to US$1 billion in a three-year program of investment in solar energy and healthcare.
4th April, 2023
The Nigeria Sovereign Investment Authority (NSIA) has reported a 10th consecutive year of growth – as Aminu Umar-Sadiq took up the sovereign wealth fund’s leadership.
18th January, 2023
Ethiopia Investment Holding (EIH) has been in existence for less than a year, but is already taking great strides in co-investments to develop the domestic economy.
2nd November, 2022
The Red Sea continues to draw billions of dollars of investment from sovereign wealth funds, which are keen to capitalize on the resources and strategic position it occupies in global trade.
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.
27th June, 2022
The past few days have been quite eventful for African SWFs. Last week, nine of the most active strategic funds of the continent signed an MoU in Rabat to create the African Sovereign Investment Forum (ASIF).