iAfrica 6 hours ago 1 min read
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The global pandemic was a moment of vindication for African sovereign wealth funds focused on their local economies as the Covid-19 crisis stoked demand across industries from pharmaceuticals to farming. A report published on Wednesday by the International Forum of Sovereign Wealth Funds and Franklin Templeton found that “for those sovereign wealth funds that do invest domestically, the pandemic has been a boon.” A dislocation in markets caused by the coronavirus pandemic soon gave way to the challenge of shielding economies in Africa that were already starved of investment and held back by corruption and instability. As wealth funds from Angola, Botswana, Ghana and Nigeria stepped in to help finance public spending, others looked to boost returns at a time of extra low interest rates by considering greater allocations
COVID-19 pandemic a ‘boon’ for some African wealth funds
Bloomberg
Sovereign wealth funds based in several African countries, including Nigeria, were used by their governments to finance public spending.
The COVID-19 pandemic presented Africa s sovereign wealth funds with the opportunity to accelerate investment themes they had already identified, such as health care, agribusiness and digital technology.
A report by the International Forum of Sovereign Wealth Funds, in partnership with Franklin Templeton, found that of those funds that invest domestically, the pandemic has been a boon. Demands as a result of the crisis stimulated domestic industries in which these funds already invested since their products and services were in high demand.
Pandemic Was a âBoonâ for African Wealth Funds Investing Locally
Apr 28 2021, 6:39 PM
April 28 2021, 1:30 PM
April 28 2021, 6:39 PM
(Bloomberg) The global pandemic was a moment of vindication for African sovereign wealth funds focused on their local economies as the Covid-19 crisis stoked demand across industries from pharmaceuticals to farming.
(Bloomberg) The global pandemic was a moment of vindication for African sovereign wealth funds focused on their local economies as the Covid-19 crisis stoked demand across industries from pharmaceuticals to farming.
A report published on Wednesday by the International Forum of Sovereign Wealth Funds and Franklin Templeton found that âfor those sovereign wealth funds that do invest domestically, the pandemic has been a boon.â
How the pandemic affected African wealth funds A recent report notes that for sovereign wealth funds that do invest domestically, Covid-19 has been a boon 28 April 2021 - 13:46 Roxanne Henderson Picture: 123RF/DMITRIJS KAMINSKIS
The global pandemic was a moment of vindication for African sovereign wealth funds focused on their local economies as the Covid-19 crisis stoked demand across industries from pharmaceuticals to farming.
A report published on Wednesday by the International Forum of Sovereign Wealth Funds and Franklin Templeton found that “for those sovereign wealth funds that do invest domestically, the pandemic has been a boon”.
“The demands of the pandemic stimulated domestic industries in which they were already invested, such as healthcare, agribusiness and digital technology, because their products were in high demand in 2020,” it said.
Africa wealth fund investments in health care pay off
Bloomberg
Sovereign wealth funds based in several African countries, including Nigeria, were used by their governments to finance public spending.
The COVID-19 pandemic presented Africa s sovereign wealth funds with the opportunity to accelerate investment themes they had already identified, such as health care, agribusiness and digital technology.
A report by the International Forum of Sovereign Wealth Funds, in partnership with Franklin Templeton, found that of those funds that invest domestically, the pandemic has been a boon. Demands as a result of the crisis stimulated domestic industries in which these funds already invested since their products and services were in high demand.