Spotlight
The Minerals Income Investment Fund (MIIF) is Ghana’s sovereign minerals wealth fund, established by the MIIF Act 2018 (Act 978) to manage and invest the country’s mineral revenues for long-term benefit.
Hosted by Rwanda's Agaciro Development Fund, the event showcased the continent's sovereign funds' commitment to collaboration and joint capital raises for their resilience and sustainable development.
Ethiopia and Mauritius have joined the Africa Sovereign Investors Forum (ASIF), the continental association of Africa's Sovereign Wealth Funds. Both SWFs expressed their desire to explore collaborative opportunities and achieve mutual goals.
Ethiopian Investment Holdings (EIH) was established in December 2021 with authorized capital of Birr 100 billion.
Before its assets were frozen in 2011 due to the civil war, LIA made groundbreaking investments across Africa worth about $10billion spanning hotel, real estate, agriculture and energy sectors.
The African Sovereign Wealth Funds Index, published since 2018, is the leading benchmark for tracking the evolution, growth and performance of Africa’s SWFs.
The most recent edition of the Index was published in 2022. The next edition of the bienniel Index will be published in 2024.
2022 African SWFs Index: A Story of Progress
News and Insights
Egypt’s government is set to double the assets and investments managed by the Sovereign Fund of Egypt (TSFE)
Despite a downturn in oil output in late 2024, Ghana’s oil-based sovereign funds received substantial inflows over the year
In September 2024, a new board of directors was inaugurated for the Nigeria Sovereign Investment Authority (NSIA),
Libya’s $70 billion sovereign wealth fund made progress toward regaining full control of its assets after years of sanctions.
SWFs and Strategic Investment Funds are well-positioned to deploy institutional capital for real sector deals and projects due to their hybrid public-commercial nature.
According to Reuters, the chief investment officer of the Nigeria Sovereign Investment Authority (NSIA) stated that NSIA will receive $100 million to $200 million this year from the government and the removal of fuel subsidies would increase available funds.
Egypt’s government is set to double the assets and investments managed by the Sovereign Fund of Egypt (TSFE)
Despite a downturn in oil output in late 2024, Ghana’s oil-based sovereign funds received substantial inflows over the year
In September 2024, a new board of directors was inaugurated for the Nigeria Sovereign Investment Authority (NSIA),
Libya’s $70 billion sovereign wealth fund made progress toward regaining full control of its assets after years of sanctions.
SWFs and Strategic Investment Funds are well-positioned to deploy institutional capital for real sector deals and projects due to their hybrid public-commercial nature.
According to Reuters, the chief investment officer of the Nigeria Sovereign Investment Authority (NSIA) stated that NSIA will receive $100 million to $200 million this year from the government and the removal of fuel subsidies would increase available funds.
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