Itmar Capital: Morocco Chairs Annual Summit of Sovereign Wealth Funds in Azerbaijan

On this occasion, Obaid Amrane, Managing Director of Ithmar Capital and Chairman of IFSWF, addressed the opening speech of the meeting, referring to the press release of Ithmar Capital. Since his election as Chairman of the IFSWF Board of Directors in November 2021, Itmar Capital has brought new inspiration to the company, continuing the same provenance, and IFSWF has experienced a significant membership movement and especially with African sovereign wealth funds, which thus adhere to the Santiago Principles and strengthen their good governance.

Eight sovereign wealth funds joined the system this year. Among them, five African sovereign wealth funds are now part of IFSWF: Egypt’s Sovereign Wealth Fund and Gabonese Fund for Strategic Investments are members, Ethiopian Investment Holdings, Djibouti’s Sovereign Wealth Fund and Mauritius Investment Corporation are associate members. Ithmar Capital promotes the acceleration of investment as a lever for sustainable and inclusive growth, leveraging the attributes and opportunities the continent offers in terms of investment and green economy.

During this 14th annual summit, Itmar Capital organized an African panel on this theme. “The Glamor of Africa: Winds of Change”. The session, attended by representatives of major African sovereign wealth funds and global investors, discussed Africa’s success stories and lessons learned, how investors can capture Africa’s potential and be part of its long-term growth story. and emerging investment opportunities in the continent and the role various stakeholders can play in sustaining this momentum and attracting more capital. During the meeting, the Chief Executive Officer of the Djibouti Sovereign Fund, Dr. Interventions by Slim Feriani, Papa Tempa Diallo, CEO of Fonsys, Jitendra Bissour, CEO of Mauritius Investment Company, Anas Lamin, Director of the Libyan Investment Authority, and Julian Aide. Franklin Templeton Director of Investments EMEA enriched the discussion.