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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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African Kingdom’s US$275mn SWF: High Stakes, Smart Moves, and the Battle for Credibility

11th June, 2025

In a region characterised by fiscal fragility and donor dependence, the tiny state of Eswatini recently made a bold move: launching a US$275 million sovereign wealth fund (SWF) to reboot its economic trajectory, no doubt taking inspiration from more established African SWFs such as Rwanda's Agaciro Fund and Nigeria's NSIA.

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Botswana’s Billion-Dollar Dilemma: Should the Pula Fund Bet on De Beers?

10th June, 2025

For years, Botswana’s Pula Fund has been hailed as a model of fiscal discipline: a sovereign wealth fund that quietly turned diamond wealth into long-term national security.

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Spotlight Guinea: Military Government Plans Commodity-Based SWF

10th December, 2024

Guinea is the latest SSA state to announce a planned new SWF, although details on the timeframe, governance and size of the fund are hazy - even though it could yield billions from the exploitation of the country's massive, high quality iron ore reserves.

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Spotlight on Djibouti: Small State, Big Ambitions Driven by SWF

4th December, 2024

The smallest nation state in mainland Africa, Djibouti is using the power of state capital and leveraging its geopolitically strategic location to punch above its weight, in an attempt to position itself as the Singapore of the Horn of Africa.

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