We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home News

African Sovereign Wealth and Pension Funds United in Fight Against COVID-19 in Africa

Research indicates African economies GDP could decline between 3-8% in 2020, as a consequence of Covid-19, resulting in the continent suffering economic paralysis and losses of between $90 billion and $200 billion.

in News
Reading Time: 2 mins read
2 0
0
African Sovereign Wealth and Pension Funds United in Fight Against COVID-19 in Africa
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Africa investor (Ai) today convened the African Sovereign Wealth and Pension Fund Leaders Forum COVID-19 Virtual Roundtable, an exclusive Forum of the continent’s most influential Chairmen, CEO’s and CIO’s of African Sovereign Wealth and Pension Funds, to discuss the role and response of African institutional investors in the fight against the COVID-19 pandemic across Africa.

The Forum was Co-Chaired by Hubert Danso, CEO and Chairman Africa investor Group (Ai), Chairman, African Sovereign Wealth and Pension Fund Leaders Forum and Uche Orji, CEO of the Nigerian Sovereign Investment Authority.

The Covid-19 shock will squeeze fiscal space in the continent, as deficits are estimated to widen by 3.5 to 4.9 percentage points, increasing Africa’s financing gap by an additional $110 to $154 billion in 2020.

Africa’s institutional investment community responsible for hundreds of billions of dollars of assets, which it manages and invests on behalf of its members and future generations, is uniquely placed to support African governments and policy makers, (through its unparalleled expertise on long-term investing), plan for and anticipate long-term investment needs, risks and priorities, so African economies can stabilize, grow and thrive in the new post COVID-19 economy.

Roundtable participants discussed the role African Institutional investors can play in support of broader government and development finance related initiatives to fight COVID-19 with a particular focus on:

More

Uganda achieves a 47% increase in customs revenue thanks to digitalization

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

Lesotho increases blood collection by 70% between 2017 and 2024

  1. Immediate Priority Responses, to protect African capital markets, SME’s, Supply Chains and the African Continental Free Trade Area (ACFTA) from the economic fallout of COVID-19, and
  2. Partnerships with Policy Makers,  to foster industry shifts and the next normal regulatory environment required for African economies and industry to thrive and grow.

In spite of the direct impacts COVID-19 has had on investors portfolios, Roundtable participants shared a number of impressive initiatives currently being undertaken to fight the Corona virus, with a strong commitment to deepen partnership on interventions, including but not limited to, collaborating on assisting SME supply chain and trade support through digitization (esp healthcare and Agriculture related), pursue ESG compliant infrastructure co-investment partnerships,  (esp healthcare and Agriculture related), develop and communicate seminal pandemic combative institutional investment models and research insights, motivate for governments to consider directing some of their Quantitative Easing/Emergency funding towards SWFs to allocate and invest into their local and regional economies, engage in policy partnerships with Central Bank Governors on framing the new regulatory environment and investment needs of the post Covid-19 economy and coordinate and correlate responses with global peer institutional investor and private sector industry bodies.

Source: africa.com
africanian

africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
Weather in Kenya: Climate, Seasons, and Average Temperature

Weather in Kenya: Climate, Seasons and Average Temperature

August 26, 2020
Uganda achieves a 47% increase in customs revenue thanks to digitalization

Uganda achieves a 47% increase in customs revenue thanks to digitalization

July 14, 2025
Madagascar increases Polio surveillance capacity by 60% in the region

Madagascar increases Polio surveillance capacity by 60% in the region

July 14, 2025
In Tanzania, the Kibuka community has improved their household economy by more than 50%.

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

July 11, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.