Hosted by the Mauritian sovereign wealth fund, Mauritius Investment Corporation (MIC), the work of this third edition focused in particular on development, sustainability and the mobilization of capital, indicates a press release from Ithmar Capital.
The opening session was marked by the interventions of Obaid Amrane, Chairman of ASIF and Managing Director of Ithmar Capital, Mark Florman, Chairman of MIC, and Harvesh Seegolam, Governor of the Bank of Mauritius, the press release said, stressing that in addition to the leaders of African sovereign wealth funds members of ASIF, the event was attended by representatives of international institutions in charge of investment and multilateral development bodies.
The discussions focused on the continent’s development prospects, highlighting investment projects and opportunities and emphasizing the potential of African funds in financing innovative and sustainable initiatives, the same source said.
This edition was also an opportunity for participants to address for the first time the topic of Impact Investment and its potential to address Africa’s challenges and stimulate inclusive economic growth, thus ensuring a sustainable future for future generations.
In addition, this year’s meeting welcomed three new African sovereign wealth funds; Botswana’s Pula Fund, Libya’s Libyan Investment Authority, and Guinea’s Special Investment Fund, bringing the number of forum members from 10 to 15 since its launch in Rabat in June 2022.
As a reminder, since its creation, ASIF has participated in the launch of the Alliance for Green Infrastructure in Africa (AGIA) in partnership with the African Development Bank (AfDB), and has formalized a partnership with UNCTAD to facilitate investment in favor of the Sustainable Development Goals (SDGs) in Africa.
ASIF, a first of its kind initiative, is a multilateral platform that brings together African sovereign investors to establish a framework for collaboration between these key players. The initiative aims to intensify institutional cooperation among its members and accelerate the mobilization of capital for the benefit of the continent.
Created in 2011, Ithmar is a strategic investment fund whose primary vocation is to support the economic development of Morocco. It aims to promote investment in all national strategic sectors by developing structuring and transformational projects with a strong impact.
2024-09-01 08:29:30