From June 21 to 22, the Administrator and General Manager of the Gabonese Strategic Investment Fund (FGIS), Akim Daouda took part in the forum on African sovereign investments initiated by the Moroccan Strategic Investment Fund (Ithmar Capital) in Rabat, Morocco. A meeting that culminated in the creation of the first platform of African Sovereign Wealth Funds (ASIF).
It is undoubtedly a big step that the continent has just achieved by the establishment of this platform dedicated to the development of projects and the promotion of investments. Indeed, it includes a total of 10 countries Rwanda with AGACIRO, the SDF of Djibouti, the FGIS of Gabon, the FONSIS of Senegal, the FSDEA of Angola, the GIIF of Ghana, Ithmar Capital of Morocco, NSIA of Nigeria, PIC of South Africa and TSFE of Egypt.
ASIF is supported by several Sovereign Wealth Funds in the Middle East through the signing of the “Rabat Declaration”, illustrating the strong interest of institutional and private investors in this initiative. It represents an important opportunity for the development of the African economy. “ASIF will address key sectors for the continent, such as infrastructure, food security, industrialization, urbanization and climate change,” indicates a statement from the FGIS.
It should be noted that the platform also lays the foundation for a multidimensional partnership that will consolidate existing inter-African relations and contribute to progress on major issues of the continent. The creation of this platform was also marked by the signing of a tripartite letter of intent between ASIF, the African Development Bank (AfDB) and Africa 50, on a collaboration agreement around the topics of identification and preparation of projects, capital mobilization and cooperation for the development of skills and expertise.