Article length: 1443 words
Power Africa initiative to encourage institutional investment in infrastructure
The huge investment required to achieve universal access to electricity in Africa is leading international organisations to turn to those with the biggest pockets: pension funds, sovereign wealth funds and insurance funds. In 2015, African pension funds had more than $300bn worth of assets under management, while African sovereign wealth funds had around $20bn. At the same time the number of sovereign wealth funds on the continent has increased from eight to 17 since 2010.
Credit value: 18