Africa-Press – Angola. Gemcorp Capital, a global asset management company that specializes in emerging markets, and the Angola Sovereign Fund (FSDEA) announced the joint launch of a Pan-African Infrastructure Fund. The fund will finance structural projects in several African countries.
According to a press release, the two institutions, the new investment aims to strengthen the continent’s financing capacity in areas essential to economic development.
The fund is expected to raise nearly 500 million U.S. dollars, offering flexible capital solutions for infrastructure projects.
The FSDEA has secured an initial investment of 50 million USD, which could increase to 200 million USD under specific commercial conditions.
The Gemcorp Group is expected to contribute up to 50 million, and the remaining amount will be raised from global investors.
Subject to regulatory approval, the fund will be one of the first exclusively dedicated to African infrastructure operating from the Abu Dhabi Global Market (ADGM).
Gemcorp has over 10 years of experience operating in emerging markets and has financed and executed around 9 billion dollars’ worth of projects, mainly related to infrastructure and real assets.
Atanas Bostandjiev, executive director of Gemcorp Capital, said in a statement that the launch of the fund represents a renewed commitment to infrastructure expansion in Africa. He highlighted that the FSDEA’s anchor investment will serve as a catalyst to attract more international institutions.
UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi welcomed the launch of the new fund, noting that the UAE has invested over 110 billion US dollars in Africa since 2019.
According to the minister, the initiative aligns with the country’s commitment to promoting mutual prosperity and supporting sustainable growth on the continent, helping to unlock Africa’s vast economic potential.
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