Abu Dhabi Investment Council Invests in Rwandan Bank IPO
Invest AD which is a sovereign wealth enterprise of the Abu Dhabi Investment Council (ADIC) partnered with SB Holdings Inc. Together they created the Invest AD – SBI Africa Fund. The fund was established in January 2011 and has a total commitment amount of US$ 75 million. The mandate of the fund is to invest in both listed and unlisted companies in Africa.
The JV Fund has made their first investment by participating in the initial public offering of the Bank of Kigali Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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