gulf flows

Qatar to launch $2bn infrastructure fund for SSA

By Baudelaire Mieu

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Posted on May 14, 2021 15:18

Firefox_Screenshot_2021-05-14T12-41-45.771Z © View of Doha, the capital of Qatar. Nuroptics/Wikimedia COmmons/Licence CC — View of Doha, the capital of Qatar. Nuroptics/Wikimedia COmmons/Licence CC

Qatar, which manages part of its sub-Saharan investments from Morocco, is creating a new investment fund, dedicated to financing infrastructure projects across the region.

Doha’s proposed investment fund, which has an initial capital base of $2bn, will be used to finance infrastructure projects in sub-Saharan Africa.

On a visit to Kigali in December 2019, Emir of Qatar Sheikh Tamim bin Hamad Al Thani approached Donald Kaberuka, former president of the African Development Bank and current managing partner of the Southbridge investment bank, to ask for advice on how to structure this fund.

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