Gauging Appetite of African Institutional Investors for New Asset Classes

This publication is the fruit of joint research efforts between the International Finance Corporation (IFC), the African Development Bank (AfDB) and Making Finance Work for Africa (MFW4A) Partnership. 

The study examines how and to what extent institutional investors in seven Sub-Saharan African focus markets—Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, and the West African Economic and Monetary Union (WAEMU)—have been allocating assets to alternative asset classes[1]  over the past several years. This research commendably tests the appetite for various existing and proposed investment vehicles/structures targeting local institutional investors, with a view to informing their design. The study’s cross-market findings are intended to help national capital market stakeholders and development finance institutions in identifying potential areas for market interventions to help foster development of new asset classes and provide new ways to mobilize private finance for development.

DOWNLOAD THE REPORT