Launch of the African Sovereign Wealth Funds Alliance

Following an exceptional summit under the aegis of Ghana’s Vice President H.E. Dr. Mahamudu Bawumia and the AfroChampions Initiative, key African sovereign wealth funds have announced the upcoming creation of an alliance to better support Africa’s development. This platform will bring together as founding members the Ghana Infrastructure Investment Fund, the Sovereign Fund for Strategic Investments of Senegal (FONSIS), Gabonese Strategic Investment Fund (FGIS), the Nigeria Sovereign Investment Authority, Agaciro (Rwanda Fund for Development) and Ithmar Capital Fund (Morocco Strategic Investment Fund). The objective is to facilitate strategic exchanges between funds, enable them to better share information on their activities and pool their resources for major projects, notably infrastructures.

SWF press release

Press review

https://www.youtube.com/watch?v=gZVEB4tW-SM

http://confidentielafrique.com/investissement/ghana-afrochampions-fonds-souverains-africains-ont-annonce-a-accra-creation-dune-alliance-accompagner-developpement-de-lafrique/

http://confidentielafrique.com/leadership/mali-afrique-malien-samba-bathily-cofondateur-dafrochampions-appelle-fonds-souverains-africains-a-vite-agir/

https://www.myjoyonline.com/business/2018/june-5th/ghana-ranks-third-in-sovereign-wealth-fund-index.php

https://www.ghanabusinessnews.com/2018/06/02/governments-finding-it-difficult-to-spend-sovereign-wealth-bawumia/

https://newtelegraphonline.com/2018/06/nigeria-tops-african-sovereign-wealth-fund-ranking/

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