27th October, 2021
Namibia is set to launch Africa’s newest sovereign wealth fund in coming weeks, but details have been notably sketchy. The SWF will join Africa’s 30 SWFs or sub-funds, most of which are relatively minuscule, with combined wealth of US$98 billion.
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6th October, 2021
Concern over climate change continues to prompt state-owned investors to declare their commitment to fighting greenhouse gas emissions with One Planet Sovereign Wealth Funds (OPSWF) signing up four new SWF members this week. Yet, the lack of standardization of greenhouse gas auditing and reviews of progress towards targets makes judging OPSWF's real world impact difficult to measure.
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2nd September, 2021
The Nigeria Sovereign Investment Authority reported growth of 250% in just six years to US$3.5 billion in its latest annual report and is set to press further with infrastructure development and investment in innovation under a new board announced by President Muhammadu Buhari this week.
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17th August, 2021
Papua New Guinea’s struggle to start a sovereign wealth fund demonstrates the difficulties facing resource-endowed least developed countries (LDCs) seeking to put their wealth to good use.
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1st August, 2021
Last June was the 10th anniversary of the Establishment Act of the Nigeria’s NSIA, a multi-billion, multi-mission fund that has rapidly emerged as a role model for SWFs and Governments across the continent. In our 2021 GSR Scoreboard, the fund scored 100% in Governance and Resilience. We had the immense privilege to talk with Mr. Uche Orji, NSIA‘s CEO since 2012, about the fund’s success factors and future plans.
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29th July, 2021
The African continent is vast in size, diversity and wealth - and its SWFs need specific guidance on governance and resilience. Today, its wealth of US$ 97.9 billion is managed by 30 SWFs or sub-funds: 9 stabilization, 9 savings and 12 strategic funds. This capital is unevenly distributed, with significant differences between the North and the South of the Sahara desert.
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1st July, 2021
Sub-Saharan Africa is the final frontier for state-owned investors (SOIs), offering potential large rewards – but also significant challenges. For patient investors capable of honing in on good deals, the region offers significant long-term returns that could generate big yields.
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11th May, 2021
Defying the impact of the pandemic, the Nigeria Sovereign Investment Authority’s (NSIA) income soared 343% to NGN160 billion in 2020.
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19th March, 2021
Plans for a US$1.4 billion fertilizer plant in Nigeria backed by the country’s sovereign wealth fund have received strong interest from investors, potentially enabling the project to reduce its debt burden.
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