Abu Dhabi wealth fund targets Africa, renewables to lift returns
Photo via Bloomberg
Published 08 Dec,2020 via Bloomberg Technology & Innovation - Abu Dhabi’s top sovereign wealth fund is looking to Africa and renewable energy to generate greater returns, while relying more on artificial intelligence to mine data and spot new investment opportunities.
“With an abundance of natural resources and young, growing and increasingly educated populations, African countries are among those offering the greatest potential for long-term investors,” said Abu Dhabi Investment Authority Managing Director Hamed bin Zayed Al Nahyan. “We already routinely incorporate climate-change considerations into all of our investment proposals, and have been steadily expanding our exposure to renewable energy.”
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Nicolas Parasie