Governance Fears Erupt Over New Zimbabwean Sovereign Fund

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.

Fund of the Month (Aug'23): Fonds Souverain de Djibouti (FSD)

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.

Mozambique Seeks to Relaunch Plan for Multi-Billion Gas-Backed Sovereign Fund

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.

Ethiopia’s EIH and Mauritius’ MIC join Africa’s SWF Club

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.

Champions in Resilience: NSIA becomes Africa’s flagbearer

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.

Fund of the Month (Jun'23): Mauritius Investment Corporation (MIC)

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.

Nigeria’s New SWF Leadership Targets Green Energy and Healthcare

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.

Nigeria's Sovereign Fund Expands in Challenging Times

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.

Ethiopia’s SWF Approaches First Anniversary With Solar Deal and New Stock Exchange Plan

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.

Ethiopia, Abu Dhabi and Qatar Back Red Sea Infrastructure Boom

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.

African SWFs: The Art of Patience

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.

Ethiopia’s EIH onboards 27 assets; Gabon’s FGIS signs up for NZAOA

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).

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