Three Gulf, nine African sovereign funds sign deal to spur investment

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 77%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Three Gulf sovereign funds signed a deal on Monday in Rabat with nine African peers to promote investment on the continent. Moneyweb ASIF Investment

Three Gulf sovereign funds signed a deal on Monday in Rabat with nine African peers to promote investment on the continent. 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 , a platform bringing together sovereign funds of Angola, Djibouti, Egypt, Ethiopia, Gabon, Ghana, Morocco, Nigeria and Rwanda.

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

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, Angola’s Fundo Soberano, the Sovereign Fund of Egypt , Senegal’s FONSIS and Djibouti’s Sovereign Fund.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines