The Angola Sovereign Wealth Fund (FSDEA) made a significant investment in the Kimbo Fund, the country’s first private debt fund managed by BFA Asset Management (BFAAM).
This US$ 5M equity injection represents a landmark moment for Angola’s financial landscape, aiming to boost businesses that are pivotal to the national economic diversification strategy.
The Kimbo Fund focuses on high-growth sectors such as downstream agribusiness and logistics, which are essential to Angola’s sustainable economic development.
Therefore the investment by FSDEA has the capacity to enhance BFAAM’s ability to support local businesses and make the fund more attractive to other investors. In other words, the goal is to attract additional capital from pension funds, high-net-worth individuals, insurers, and international institutional investors.
It is important to mention – the partnership strengthens the commitment to SMEs, as they are the backbone of the economy; emphasising economic growth through innovative financing solutions and strategic investments.
Moreover, this collaboration between FSDEA and BFAAM is more than just a financial commitment; it symbolises the mutual trust and alignment of their long-term objectives.
Both institutions aim to create a resilient financial ecosystem in Angola – one that supports local businesses, drives economic diversification, and attracts foreign investment, as mentioned before.
By working together, FSDEA and BFAAM are setting the stage for a more sustainable and inclusive financial market.
The formal agreement was celebrated in a ceremony attended by key figures from both organisations. FSDEA’s leadership, including Chairman Armando Manuel, was joined by BFAAM’s executive team led by CEO Rui Oliveira.
The event also featured the presence of Ms. Nádia Pinto, Acting Chairperson of the Capital Markets Commission (CMC), underscoring the partnership’s significance for the future of Angola’s financial markets.
The strategic alliance between FSDEA and BFAAM marks a pivotal step in Angola’s journey towards economic transformation, by leveraging their combined strengths. It also highlights the contribution to the country’s broader goal of sustainable economic growth. This partnership sets a benchmark for future collaborations, driving the evolution of Angola’s financial sector.
Further Africa
