Nigeria, eight other African sovereign funds, Three Gulf sign deal to spur investment


RABAT, June 20 – Three Gulf sovereign funds signed a deal on Monday in Rabat with Nigeria, Angola, Djibouti, Egypt, Ethiopia, Gabon, Ghana, Morocco and Rwanda to promote investment on the continent.

Thank you for reading this post, don't forget to subscribe!

The deal was signed by Abu Dhabi’s Investment Authority and holding firm ADQ in addition to Kuwait’s Investment Authority on the sidelines of the first meeting of Africa Sovereign Investors Forum (ASIF).

ASIF organizers gave no details on how exactly the Gulf funds will support their African counterparts.

ASIF “will enable us to explore new opportunities with potential partners in Africa for ADQ and its portfolio companies,” said ADQ CEO Mohamed Hassan Alsuwaidi.

CEOs of African Sovereign Funds taking part at the event said the focus for ASIF will be on mobilizing capital and equity, promoting green projects and investing in logistics to improve interconnectivity within the continent.

The African sovereign funds which signed the deal include Morocco’s Ithmar Capital, Nigeria Sovereign Investment Authority, Ghana Infrastructure Investment Fund, Gabon’s FGIS, Rwanda’s AGACIRO, Angloga’s Fundo Soberano, the Sovereign Fund of Egypt, Senegal’s FONSIS and Djibouti’s Sovereign Fund.

Discover more from Naija247news

Subscribe to get the latest posts to your email.

Share post:



More like this

NDLEA declares Nigerian couple wanted, arrests four cartel members

May 20, 2024. Azonuchechi Chukwu. The National Drug Law Enforcement Agency...

EFCC arrests 78 over suspected internet fraud in Enugu, Imo

May 20, 2024. Azonuchechi Chukwu. Operatives of the Enugu Zonal Command...

Fire Outbreak Kills One In Anambra Seminary School

May 20, 2024. Azonuchechi Chukwu. Fire broke out at the Bishop...

NSCDC Discover Illegal Refining Sites In Rivers

May 20, 2024. Azonuchechi Chukwu. The Nigeria Security and Civil Defence...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading