Press Releases

Namibia Launches Commodity-Backed Fund

  Africa saw the launch of its latest sovereign wealth fund in the form of Nambia’s more conventional commodity-backed Welwitschia Fund. The fund has an initial injection of N$262 million (US$16 million), but will be boosted by offshore oil resources discovered by TotalEnergies  and Shell. It will collect royalties from mineral resources as well as…

Details

Institutional investors turn focus to Scope 3 emissions at upcoming COP 27 in Egypt

News – Glasgow, Johannesburg, Cairo, Lagos, Nairobi, Paris, New York, London, Addis Ababa, Tokyo 10 November 2021 The African Green Infrastructure Investment Bank (AfGIIB) today announced the successful hosting of its Partnerships Dialogue Series: Enabling Institutional Investor-Public Partnerships (IIPP) and Scope 3 Allocations in support of the African Continental Free Trade Area (AfCFTA). This Summit…

Details

Institutional investors announce new net zero investment initiative

The African Green Infrastructure Investment Bank (AfGIIB) has announced its model law on Institutional Investor-Public Partnerships (IIPP) initiative (ML-IIPP). First adapted by the African Unions’ 5 percent institutional infrastructure investment agenda initiative, the ML-IIPP framework will assist emerging and developing countries to derisk and meet their net-zero capital mobilization goals. The ML-IIPP initiative is a…

Details

Institutional investors announce Net Zero Model Investment Law at COP 26

News – Glasgow, Johannesburg, Cairo, Lagos, Nairobi, Paris, New York, London, Addis Ababa, Tokyo 10 November 2021 The African Green Infrastructure Investment Bank (AfGIIB) today at COP 26, announced its Model Law on Institutional Investor-Public Partnerships (IIPP) initiative (ML-IIPP). This was unveiled at the AfGIIB Partnerships Dialogue Series on the Road to COP 27, that…

Details

African Green Infrastructure Investment Bank Announces $20trn Advisory Board At G7 – Africa Investor Summit

Cornwall, Addis Ababa, Johannesburg, Cairo, Paris, Washington The African Green Infrastructure Investment Bank (AfGIIB), today announced its Advisory Board of African and global institutional investment leaders, representing over $20trn of assets under management and advisement. The announcement took place during the G7-Africa investor Summit, held in association with the G7’s institutional Investor Leaders Network (ILN), on the sidelines of the G7…

Details
aiswpff press logo

Abu Dhabi Wealth Fund Targets Africa, Renewables to Lift Returns

(Bloomberg) — Abu Dhabi’s top sovereign wealth fund is looking to Africa and renewable energy to generate greater returns, while relying more on artificial intelligence to mine data and spot new investment opportunities. “With an abundance of natural resources and young, growing and increasingly educated populations, African countries are among those offering the greatest potential…

Details
aiswpff press logo

Saudi public investment fund poised to invest in Egypt’s sovereign wealth fund

Saudi Arabia’s Public Investment Fund (PIF) is keen to inject investment into Egypt’s Sovereign Wealth Fund (TSFE) as well as into other projects, reports say citing a statement from the Egyptian government. Saudi Arabia’s Public Investment Fund (PIF) is keen to inject investment into Egypt’s Sovereign Wealth Fund (TSFE) as well as into other projects,…

Details
aiswpff press logo

How Have Governments of Resource-Rich Countries Used Their Sovereign Wealth Funds During the Crisis?

Governments dependent on revenues from commodities like oil, gas, copper, bauxite, zinc and cobalt are suffering serious budget crises. While many have sought support from the international financial institutions, made drastic spending cuts, or borrowed heavily—sometimes at high interest rates—a few are blessed with large sovereign wealth funds (SWFs) or entered the crisis with low debt…

Details
aiswpff press logo

South Africa’s Infrastructure Fund is here, minus corruption vows National Treasury

South Africa’s R100bn (about $5.8bn) Infrastructure Fund is here, but there will no repeat of the large-scale corruption witnessed in 2010, says National Treasury director-general Dondo Mogajane. “We will ensure that [which] we had seen during the construction of the 2010 infrastructure roll-out does not happen. We’ve got lessons we’ve learnt from what we picked up when…

Details
aiswpff press logo

$39b Nigerian infrastructure company gets green light

The Central Bank of Nigeria (CBN) has received approval to create an infrastructure development company that would finance the revamp of critical transport infrastructure throughout the country. The company would leverage local and international funding, and would be co-owned by the CBN, African Finance Corp., and Nigerian Sovereign Wealth Investment Authority. It would be exclusively…

Details