Athens:Strategic partnerships and multilateral cooperation are crucial for advancing Africa's development goals, according to Armando Manuel, the head of Angola's sovereign wealth fund.
According to Angola Press News Agency, Armando Manuel, who serves as the chairman of the board of directors of the Sovereign Wealth Fund of Angola, emphasized the importance of initiatives such as the Lobito Corridor and the African Sovereign Investors Forum in driving economic transformation across the continent. He made these remarks during the 18th Annual Meeting of the International Forum of Sovereign Wealth Funds held in Athens.
The event, hosted by Greece for the first time and organized by the Hellenic Growth Fund, gathered more than 200 chief executives and senior leaders from approximately 50 sovereign wealth funds globally. The three-day summit included representatives from Angola's Fund (FSDEA), the Agaciro Development Fund of Rwanda, the Petroleum Fund of Ghana, the Nigeria Sovereign Investment Authority (NSIA), and Senegal's sovereign fund.
Under the theme "Sovereign Capital in a Contested World," discussions centered on adapting long-term capital allocation strategies in light of growing geopolitical tensions and rapid technological advancements. The forum concluded with a reinforced commitment among state investors worldwide to enhance transparency, share best practices, and increase cross-border cooperation.
