Sovereign wealth funds are gaining ground in Africa, although urgent financial reforms are needed to boost foreign investment following the Covid-19 pandemic. This is according to economic experts speaking during the second day of the 2021 African Economic Conference in Cabo Verde.
Studies presented during one of the sessions on Friday highlighted the progress made in some countries over the past few decades to improve policies. Experts argue that more work is needed to diversify and deepen financial markets so as to expand beyond commercial banks., 2021 African Economic Conference website

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Author: The African Development Bank