Global Pension Funds Pump Trillions To Develop Africa
AFRICAN countries will be thrown a lifeline as two influential organisations in the development landscape, African Investor and the World Pension Council have taken a joint decision to mobilise one per cent of the $3 trillion owned by pension investors worldwide to contribute towards infrastructure development in the continent.
In a statement sent yesterday, African Investor said the decision to plough into African infrastructure was taken ahead of the World Economic Forum held in Davos, Switzerland.
The World Pensions Council is an international organisation bringing together a wide range of pension executives and board members from Europe, Asia and America, while the African investor is an institutional investment platform for African sovereign wealth and pension fund institutions.
Read More: Swazi Observer
