Harnessing Africa’s Sovereign Wealth
Although African sovereign wealth funds have already shown their effectiveness, their potential remains largely untapped. By mobilizing and leveraging national savings, these funds not only can increase governments’ capacity to finance public policies, but also can help to attract much-needed foreign capital.
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LIBREVILLE/ABUJA/DJIBOUTI – On May 18, African heads of state, European leaders, and representatives of international institutions will gather in Paris for a summit on financing African economies. As heads of African sovereign wealth funds (SWFs), we strongly believe that mobilizing national resources – and using them to attract additional foreign capital – is the only way to ensure our economies’ financial independence.