Angola’s sovereign wealth fund (FSDEA) is partnering with UK-based investment firm Gemcorp to launch a new infrastructure fund focused on financing large-scale projects across Africa, according to Reuters reporting on early-stage discussions. The planned vehicle is expected to target sectors such as power, transport, logistics and industrial development, with an initial capital commitment to be disclosed after final regulatory approvals.
FSDEA officials said the initiative aims to mobilise long-term capital for commercially viable projects that can accelerate economic growth across the continent. Gemcorp, which has previously financed energy and logistics projects in Angola and Ghana, confirmed the partnership and noted that institutional appetite for African infrastructure is rising as global investors seek higher-yield opportunities.
The new fund will prioritize countries with strong reform momentum and clear project pipelines. According to Bloomberg, the move aligns with Angola’s broader strategy to diversify investment income and support critical infrastructure development at home and across neighbouring markets.
Both partners stated that the fund’s structure has been designed to attract additional global investors, with the first close expected in 2025.
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