17/07/2023
Solomon Quaynor, the African Development Bank’s Vice President for Private Sector, Infrastructure and Industrialisation, called for unity to unlock the potential of African funds, strategic investment funds, pensions and life insurance assets, estimated at $2.3 trillion.
Speaking at the Second Annual Meeting of the Africa Sovereign Investors Forum (ASIF) in Kigali, Quaynor said the bank would support the establishment and operations of the African Sovereign Wealth Funds secretariat, while working with ASIF members to develop and finance transformative strategic projects across the continent.
ASIF founding members include prominent sovereign wealth funds like the Agaciro Development Fund from , Fonds Souverain de , Fonds Gabonais d’Investissements Stratégiques, Fonds Souverain d’Investissements Stratégiques from , Fundo Soberano de , the Infrastructure Investment Fund, Ithmar Capital in , the Nigeria Sovereign Investment Authority, and the Sovereign Fund of .
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