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.
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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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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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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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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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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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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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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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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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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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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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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