Working Paper 142 - Africa’s Quest for Development: Can Sovereign Wealth Funds Help?
This paper discusses the potential role that SWFs could play in African economies, both as recipient countries and home countries. We use new hand collected data to document the landscape of African SWFs as well as SWFs interventions on the continent. Our analysis shows that African SWFs are small, suffer from poor governance structures and are mainly focusing on stabilizing local economies. This suggests that their potential role as long term institutional investors to foster economic growth is likely to be limited if current practices are maintained. Conversely, foreign SWFs are increasingly interested in Africa and are poised to play a bigger role in supporting the continent’s growth if Africa uses the right strategies to attract their resources. Overall, the paper identifies opportunities that Africa offers for SWFs as well as challenges that need to be addressed in order to enhance SWFs role in supporting Africa’s development.
|Date of creation:||09 Dec 2011|
|Contact details of provider:|| Postal: 15 Avenue du Ghana P.O.Box 323-1002 Tunis-Belvedère, Tunisia|
Phone: (+216) 71 10 39 00
Fax: (225) 21.77.53
Web page: https://www.afdb.org/en/knowledge/publications/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Asfaha, Samuel, 2007. "National Revenue Funds: Their Efficacy for Fiscal Stability and Intergenerational Equity," MPRA Paper 7656, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:adb:adbwps:364. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adeleke Oluwole Salami)
If references are entirely missing, you can add them using this form.