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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Ethical/Green Investments

Old Mutual, SWF to invest in Nigerian real estate, agriculture

Posted on 15 August 2016

Anglo-South African financial services firm Old Mutual and Nigeria’s sovereign wealth fund on Friday signed agreements to set up two funds to invest in real estate and agriculture in Africa’s most populous nation. Old Mutual and Nigeria Sovereign Investment Authority (NSIA) said they would jointly raise a $500 million fund to invest in real estate and another $200 million to spend on agriculture projects in Nigeria.
The West African nation is in the middle of its worst crisis in decades as a slump in oil revenues hammers public finances and the naira. Gross domestic product shrank in the first quarter and the central bank governor has said a recession is likely………………………………………..Full Article: Source


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