Norway sovereign wealth fund looks deeper into Africa
Apart from South Africa, it is expanding investments into Nigeria, Kenya and parts of west Africa, says CEO
Oslo
NORWAY's sovereign wealth fund is pouring a bigger share of its cash into Africa in a bid to capture some of the fastest growth in the global economy.
The US$890 billion fund, which is already in South Africa, is spreading its investments to the north and west of the continent in search of opportunities, Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, which manages the fund, said in an interview on Wednesday at Bloomberg's headquarters in New York.
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