May 22, 2024
Finance

Opinion | China and Gulf states changing face of development finance in Africa

Both China and the GCC seek to secure resources in Africa; where China tilts towards oil and gas, the Gulf states prioritise agricultural investments. They also bring complementary resources to Africa. Beyond finance, China can provide the critically needed industrial, technological and infrastructural capabilities to upgrade Africa’s productive capacities. Clean technology is a key driver

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Funds

Saudi Arabia’s Public Investment Fund outpaces Singapore’s GIC with US$31.6 billion splurge in 2023

Saudi Arabia’s Public Investment Fund (PIF) emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC and Temasek Holdings slashed spending. PIF deployed US$31.6 billion in 2023, according to research consultancy Global SWF. That was higher than the US$20.7 billion it invested the previous

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