1st June, 2022
On January 31, 2022, the Federal Negarit Gazette of the Federal Democratic Republic of Ethiopia announced the establishment of the Ethiopian Investment Holdings (EIH) to serve as the country’s strategic investment arm. The fund will have an authorized capital of ETB 100 bn (US$ 1.9 bn at today’s exchange rate) and be seeded with over 43 public enterprises across different sectors, including Ethiopian Airlines, CBE and Ethio Telecom, as well as significant landholdings. We had the great pleasure of chatting with EIH’s CEO, Mr. Mamo Mihretu, and its Deputy CEO, Ms. Bilen Mammo, about the fund’s establishment and vision of the organization’s future.
12th May, 2022
Africa saw the launch of its latest sovereign wealth fund in the form of Nambia’s more conventional commodity-backed Welwitschia Fund.
Subscriber Post
20th January, 2022
Oman, Abu Dhabi and Dubai are leading the competition to invest in African ports via their sovereign wealth funds as they seek to secure strategic control of resources and trade.
Subscriber Post
31st December, 2021
The conclusion of 2021 has a distinctly African feel in the world of sovereign wealth funds. In recent days, new funds have been proposed for Ethiopia and Egypt’s Suez Canal region, marking another milestone in the continent’s push for state-led investment.
Subscriber Post
1st December, 2021
Rwanda’s economy has been growing steadily for the past 20 years. In December 2011, the National Dialogue Council proposed the creation of a Sovereign Wealth Fund, which would be funded by contributions of civil servants and the Rwandan diaspora. We had the pleasure of catching up with Mr. Gilbert Nyatanyi, who has been CEO of Agaciro since September 2020 and wants to take his country’s SWF to the next level.
6th November, 2021
The Qatar Investment Authority has thrown its weight behind the US$250 million Virunga Africa Fund I as an anchor investor, alongside the US$2 billion Rwanda Social Security Board (RSSB).
Subscriber Post
27th October, 2021
Namibia is set to launch Africa’s newest sovereign wealth fund in coming weeks, but details have been notably sketchy. The SWF will join Africa’s 30 SWFs or sub-funds, most of which are relatively minuscule, with combined wealth of US$98 billion.
Subscriber Post
23rd September, 2021
The Qatar Investment Authority (QIA) is in discussions with the Rwandan government on setting up the headquarters of its future fund for sub-Saharan Africa in the small but rapidly developing African state, according to Africa Intelligence.
Subscriber Post
2nd September, 2021
The Nigeria Sovereign Investment Authority reported growth of 250% in just six years to US$3.5 billion in its latest annual report and is set to press further with infrastructure development and investment in innovation under a new board announced by President Muhammadu Buhari this week.
Subscriber Post
17th August, 2021
Papua New Guinea’s struggle to start a sovereign wealth fund demonstrates the difficulties facing resource-endowed least developed countries (LDCs) seeking to put their wealth to good use.
Subscriber Post
1st August, 2021
Last June was the 10th anniversary of the Establishment Act of the Nigeria’s NSIA, a multi-billion, multi-mission fund that has rapidly emerged as a role model for SWFs and Governments across the continent. In our 2021 GSR Scoreboard, the fund scored 100% in Governance and Resilience. We had the immense privilege to talk with Mr. Uche Orji, NSIA‘s CEO since 2012, about the fund’s success factors and future plans.
29th July, 2021
The African continent is vast in size, diversity and wealth - and its SWFs need specific guidance on governance and resilience. Today, its wealth of US$ 97.9 billion is managed by 30 SWFs or sub-funds: 9 stabilization, 9 savings and 12 strategic funds. This capital is unevenly distributed, with significant differences between the North and the South of the Sahara desert.
Subscriber Post