Egypt Plans to Double the Assets Managed by Its Sovereign Wealth Fund
Egypt’s government is set to double the assets and investments managed by the Sovereign Fund of Egypt (TSFE)
Ghana Petroleum Funds received $454 million from the state in 2024; AUM hits $1.4bn
Despite a downturn in oil output in late 2024, Ghana’s oil-based sovereign funds received substantial inflows over the year
A new Board takes the helm at NSIA
In September 2024, a new board of directors was inaugurated for the Nigeria Sovereign Investment Authority (NSIA),
UN partially unfreezes assets of Libya Investment Authority
Libya’s $70 billion sovereign wealth fund made progress toward regaining full control of its assets after years of sanctions.
Ghana’s youngest SWF, the Mineral Income Investment Fund makes Strides
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.
Africa’s Sovereign Funds hold successful 2nd Annual Meeting in Kigali
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.
African SWFs can help unlock Africa’s $2trillion in institutional capital – AfDB’s Solomon Quaynor
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.
Ethiopia and Mauritius SWFs join ASIF
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.
