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New Sub-Saharan Sovereign Funds Shift Toward Minerals, SOEs And Asset Recycling

4th June, 2026

Sub-Saharan African governments are creating new sovereign funds from fiscal stress, commodity swings, public asset sales and the reorganisation of state balance sheets.

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Fund of the Month (May'26): South Africa's GEPF

1st May, 2026

South Africa’s GEPF is the continent’s largest institutional investor, with a US$ 144 billion portfolio as of March 31, 2025, which is invested by its asset manager organization, the Public Investment Corporation (PIC). We were delighted to speak with GEPF’s Principal Executive Officer, Mr. Musa Mabesa, about the fund’s growth, the current strategy to put that capital to work, and its future outlook.

Fund of the Month (Dec'25): Petroleum Revenue Investment Reserve (Uganda)

1st December, 2025

In 2015, Uganda established their own sovereign fund, PRIR, to be fed with oil revenues from the national oil company. The institution has since then positioned itself to follow best practices, once the revenues flow in, expected in July of 2026. We were delighted to speak with Ms. Martha Kiiza Kalema, the Team Lead for PRIR within the Bank of Uganda, about the fund’s set up and prospects.

Building a Malawi Sovereign Wealth Fund: A Practical, Phased Plan

5th November, 2025

Malawi is moving from exploration headlines to actual production with the Kayelekera uranium mining restarting with the promise of foreign exchange inflows, which will be the basis of a planned sovereign wealth fund.

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Nigeria’s Oyo and Lagos States Inch Towards Sub-National SWF Revolution

17th October, 2025

The Nigerian states of Oyo and Lagos are moving ahead with state-level sovereign wealth funds that, if properly executed, could reshape how sub-national governments finance growth, manage shocks and build credibility with long-term investors in Africa’s most populous country.

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Kenya’s SWF Plan Is Back - This Time With a Funding Source

15th October, 2025

Kenya is set to establish two state investment vehicles - a sovereign wealth fund (SWF) and a standalone infrastructure fund - seeded with proceeds from a planned IPO of Kenya Pipeline Company (KPC), the latest in a long-standing bid to develop a state-owned investment

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Botswana launches new sovereign wealth fund to drive growth beyond diamonds

22nd September, 2025

Botswana has launched a new sovereign wealth fund – the Botswana Sovereign Wealth Fund Ltd - with a clear brief: help diversify the economy, support job creation, and professionalise the management of state-owned assets.

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Mozambique’s LNG Piggy-Bank Is Finally Filling - Now Comes the Hard Part

20th August, 2025

Mozambique’s newborn sovereign wealth fund (FSM) is starting to look like a real fund rather than a legislative ambition.

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Ethiopia's Maritime Gamble: EIH Steps onto the Political Stage

25th June, 2025

Ethiopian Investment Holdings (EIH) isn’t just Africa’s largest sovereign wealth fund at US$45 billion - it’s now Ethiopia’s most audacious power player, throwing its weight around in the region’s biggest geopolitical game: the scramble for ports.

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Djibouti’s Sovereign Wealth Fund Closure and the Unraveling of a Strongman State

20th June, 2025

Investors and regional analysts were left reeling when Djibouti’s government abruptly dissolved its Sovereign Wealth Fund (Fonds Souverain de Djibouti, FSD) in late April 2025, just weeks after the highly acclaimed Djibouti Forum and four months after renewing the CEO's three-year mandate.

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ASIF grows to 17 members, launches US$ 1 billion investment platform

17th June, 2025

The fourth edition of the Africa Sovereign Investors Forum (ASIF) took place this week in Abuja, Nigeria. The high-level conference reunited eight of the club’s 15 existing members and welcomed two new SWFs: Ghana Petroleum Funds (GPF), which becomes the second Ghanaian fund together with GIIF, and Mutapa Investment Fund, which was recently established by the government of Zimbabwe.

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NSIA Hosts ASIF as It Sets the Gold Standard in Governance and Performance

13th June, 2025

Next week, the Nigeria Sovereign Investment Authority (NSIA) will host the fourth annual Africa Sovereign Investors Forum (ASIF) in Abuja. More than a ceremonial gathering, the two-day summit is shaping up to be a critical inflection point in Africa’s economic development story.

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