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Browsing: Life insurance assets in Africa
- AfDB is eyeing $2.3 trillion in sovereign wealth funds, strategic investment funds, pensions, and life insurance assets.
- The AfDB wants to unlock the potential of various wealth funds in Africa.
- Lender is now seeking set up of the African Sovereign Wealth Funds secretariat.
The African Development Bank (AfDB) is calling for unity to drive investments by mobilizing capital in Africa currently held in various funds and estimated at estimated at $2.3 trillion. This massive capital in Africa is in sovereign wealth funds, strategic investment funds, pensions, and life insurance assets.
Speaking at the Second Annual Meeting of the Africa Sovereign Investors Forum (ASIF), AFDB Vice President for Private Sector, Infrastructure, and Industrialisation Solomon Quaynor said the Bank is committed to supporting the establishment and operations of the African Sovereign Wealth Funds secretariat.
ASIF was launched in June 2022 by a group of 10 African sovereign wealth funds with a goal …