Abuja, June 17, 2025 – The 4th annual meeting of the Africa Sovereign Investors Forum (ASIF) was held from June 15 to 17 in Abuja, Nigeria, under the theme: “Harnessing African sovereign funds to mobilize global capital for transformative development in Africa”. This strategic meeting brought together African sovereign funds, institutional investors, and international partners around a common ambition: to make sovereign investment a sustainable lever for the transformation of the continent.
On this occasion, Ithmar Capital (Morocco) and the Nigeria Sovereign Investment Authority (NSIA) concluded a collaboration agreement to create a common sovereign investment platform. This initiative aims to structure an operational mechanism for mobilizing capital on a large scale to address the infrastructure deficit in Africa, estimated between $130 and $170 billion per year.
A pan-African momentum in progress
In addition to Nigeria and Morocco, four other African sovereign funds have joined the momentum by signing letters of interest:
– FONSIS (Senegal)
– Agaciro Development Fund (Rwanda)
– Ethiopian Investment Holdings (Ethiopia)
– Ghana Infrastructure Investment Fund (Ghana)
Other ASIF member institutions are expected to join in the coming months, confirming the expansion of the project.
A modular and sectoral platform
Led by Ithmar Capital, the platform will adopt a sectoral and progressive approach. The first investment vehicle will target renewable energies, with greenfield and brownfield projects in member countries. This unprecedented initiative on the African continent aims to combine a long-term vision, strategic sovereignty, and attractiveness for international capital.
This project is in line with the vision of His Majesty King Mohammed VI, who works for an integrated, strong, and united Africa.
Ithmar re-elected as head of the ASIF
During this 4th edition, the Forum members re-elected Ithmar Capital as the president of the ASIF for a new three-year term. This unanimous re-election illustrates the recognition of the leading role played by Morocco in structuring African sovereign dialogue.
The ASIF also welcomed two new members:
– Ghana Petroleum Funds
– Mutapa Investment Fund (Zimbabwe)
Strengthening the ASIF-AGIA partnership
On the sidelines of the forum, the ASIF signed a memorandum of understanding with the Alliance for Green Infrastructure in Africa (AGIA) to strengthen their cooperation in financing sustainable infrastructure. This strategic partnership aims to better structure the collective response to climate challenges and green project financing.
About the ASIF
Established in 2022 in Rabat under the High Patronage of His Majesty King Mohammed VI, the Africa Sovereign Investors Forum (ASIF) brings together the main sovereign investors on the continent. Its mission is to promote a Resilient, Inclusive, Sustainable, and Empowered Africa (RISE Africa).
About Ithmar Capital
Founded in 2011, Ithmar Capital is a Moroccan strategic fund that invests in key sectors of the national economy and acts as a catalyst for high-impact projects. Multisectoral and with a long-term horizon, Ithmar operates at the interface between public investments and private capital, with a logic of sustainable and patient partnership.
