Nigeria’s fuel subsidy removal will boost sovereign wealth fund cash, chief investment officer says
According to Reuters, the chief investment officer of the Nigeria Sovereign Investment Authority (NSIA) stated that NSIA will receive $100 million to $200 million this year from the government and the removal of fuel subsidies would increase available funds.
Rwanda to host second Annual Meeting of African SWFs
In July, Rwanda and its SWF – the Agaciro Development Fund — will host the second annual convening of the African Sovereign Investors Forum (ASIF). ASIF is the continental association of Africa’s sovereign funds. The meeting will take place on July 6–7th, 2023 at Kigali Marriott Hotel.
Intra-Africa Deals:Prospects of Libya Investment Authority’s Future Return to Active Investing
Before its assets were frozen in 2011 due to the civil war, LIA made groundbreaking investments across Africa worth about $10billion spanning hotel, real estate, agriculture and energy sectors.