African sovereign wealth funds have launched a $50 billion investment platform targeting infrastructure, agriculture, and renewable energy projects across the continent by 2030, according to agreements reached at the Africa Sovereign Investors Forum in Abuja.
The Nigerian Sovereign Investment Authority announced that participating funds will allocate 30 percent of their portfolios to climate-resilient projects, building on Nigeria’s existing $1 billion climate guarantee facility that has already attracted $4.5 billion in private sector co-financing.
Seventeen African nations have committed to the ASIF Investment Platform, which aims to mobilize blended finance for transformative development projects. The initiative addresses the continent’s $108 billion annual infrastructure financing gap through coordinated sovereign wealth deployment.
“By uniting our sovereign wealth, we’re not just preserving assets but building Africa’s future,” said NSIA CEO Aminu Umar-Sadiq. The platform prioritizes projects that create employment, enhance food security, and accelerate renewable energy adoption across member countries.
Ghana’s Petroleum Fund and Zimbabwe’s Mutapa Investment Fund joined the forum, expanding membership and increasing collective assets under management to $180 billion. The funds will establish three specialist working groups focusing on data infrastructure, agricultural development, and climate finance.
TGI Group Vice Chairman Farouk Gumel emphasized the importance of practical agricultural solutions, noting that recent flooding patterns require adaptive farming strategies. He stressed that sovereign funds must invest in primary data collection to attract additional private sector investment in agricultural value chains.
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