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)
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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.
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.
Nigeria’s fuel subsidy removal will boost sovereign wealth fund cash, chief investment officer says
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.
Rwanda to host second Annual Meeting of African SWFs
In July, Rwanda and its SWF – the Agaciro Development Fund — will host the second annual convening of the African Sovereign Investors Forum (ASIF). ASIF is the continental association of Africa’s sovereign funds. The meeting will take place on July 6–7th, 2023 at Kigali Marriott Hotel.