Press Releases

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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…

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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…

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$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…

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Nigeria gets green light for infrastructure development company

The Nigerian government has been granted approval to establish a 15 trillion naira ($39.5 billion) infrastructure development company with the country’s sovereign wealth fund. InfraCo PLC will be co-owned by the government, the Nigeria Sovereign Investment Authority, Abuja, which has 649.8 billion naira in assets, and the Africa Finance Corp. The AFC is a banking…

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African Asset Owners Co-investment Partnerships 27 August, 2020

Africa investor (Ai) partners Bloomberg African Asset Owner Series Africa investor (Ai) partners Bloomberg and The Continental Business Network (CBN) on first ever African Asset Owner Series on Co-investment Partnerships. This inaugural event in the series, will feature two panels focused on the African Union’s 5% Infrastructure Investment Agenda and global co-investment partnerships in support…

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Ai Supports African Infrastructure Investment Trusts Initiative

A defined solution to the infrastructure financing gap – Infrastructure Investment Trusts (IIT) Africa investor (Ai) partners African Capital Market leaders and the Global Listed Infrastructure Organisation (GLIO) on Africa’s first Infrastructure Investment Trusts (IIT) initiative – as recommended in the recent G20-OECD Infrastructure Working Group Report. VIEW REPORT For more information contact: Wendy Edwards Email:…

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Djibouti sets up sovereign wealth fund, targets $1.5 bln in 10 years

NAIROBI, June 25 (Reuters) – Djibouti is setting up a sovereign wealth fund for domestic and regional investment, aiming to fund it to the tune of $1.5 billion over the next decade, the government said on Thursday. Wealthy nations traditionally use sovereign wealth funds to invest surplus billions overseas to prevent inflation at home, diversify…

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AUDA-NEPAD confirms Hubert Danso as Chairperson of the Continental Business Network Council

Institutional Investment Leader, Hubert Danso, internationally-renowned infrastructure Investment Advocate, was today formally appointed as the Chairperson of the African Union Development Agency (AUDA-NEPAD) Continental Business Network Council (CBN). Mr Danso who held the position as CBN interim Chairperson since September 2019, is also the Chief Executive Officer and Chairman of Africa investor (Ai) Group and serves…

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Hubert Danso, Africa investor CEO appointed to UN Steering Committee on SDG Investments

Africa investor (Ai) today confirmed Hubert Danso, its CEO and Chairman and the Chairman of the African Union Development Agency Continental Business Network (CBN),  has been appointed to the UNDP high-level Project Steering Committee, that will be advising on the development of the South Africa Sustainable Development Goals (SDG) Investor Map. The UNDP South Africa…

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African institutional investors to partner ECA’s to support the African Continental Free Trade Area respond to COVID-19

Africa investor (Ai) today convened the 4th African Sovereign Wealth and Pension Fund Leaders Forum COVID-19 Roundtable, an exclusive Forum of the continent’s most influential Chairmen, CEO’s and CIO’s of African Sovereign Wealth and Pension Funds, to discuss the role and response of African institutional investors in the fight against the COVID-19 pandemic across Africa.…

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