African Sovereign Wealth Funds and New Directions in State Capitalism - Transaction-Based Development From the Periphery to the Center of Sovereign Investment Strategy

This book explores the evolution of sovereign wealth funds in Africa and their increasing significance for facilitating transaction-based economic development. How sovereign investment can address sustainable economic growth, infrastructure development, and sovereign debt reduction is presented.
 
Innovations in sovereign investment based on climate finance solutions, asset recycling and monetization, overcoming donor gaps in social sectors, capital markets products, and mobilizing co-investment funds from commercial institutions are also highlighted. An empirical framework for assessing the potential of African sovereign wealth funds to become economic powerhouses is also offered.
 
The book provides a roadmap for how every African country can and should establish a sovereign wealth or development fund, including those not endowed with a generous supply of natural resources.  It will be relevant to fund managers, development professionals, commercial investors, students and researchers interested in African political economy.

Sommario

1. Comparative Capitalism and State-Driven Models.- 2. African SWFs and the Evolution of State Capitalism.- 3. African SWFs and the Political Economy of Norms Diffusion.- 4. Angola:  FSDEA Fund, Captive Coalition and Executive Initiative.- 5. Botswana: Pula Fund, A Proxy Coalition Managed by Delegated Authority.- 6. Nigeria: NSIA, A Reform Coalition facilitated by the Minister of Finance as Policy Entrepreneur.- 7. African SWFs and Transaction-Based Development.- 8. Angola.- 9. Nigeria.- 10. Botswana.- 11. Conclusion.

Dettagli sul prodotto

• Autori: Wilmot Allen, Michael Kottoh
• Editore: Springer, Berlin
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 07.08.2025
• EAN: 9783031925627
• ISBN: 978-3-0-3192562-7
• Pagine: 200
• Illustrazioni: Approx. 200 p. 25 illus.
• Categorie: Scienze sociali, diritto, economia > Economia > Economia politica; Afrika, Wirtschaftspolitik, politische Ökonomie, Öffentliche Finanzen, Besteuerung, Entwicklungsökonomie und Schwellenländer, Public finance, Development Economics, African Economics, Political Economy and Economic Systems, Emerging Markets and Globalization, State driven capitalism, Political economy of norms diffusion, Evolution of state capitalism, Finance as policy entrepreneur, African sovereign wealth funds, Transaction based development