Africa Foresight Fund (AFF) says Africa123's plan with a Temasek unit underscores the investment case for African markets and the global importance of the continent.
The African Union and a unit of Temasek Holdings Pte (SMEC) are considering backing a plan to develop as many as 123 new cities across Africa, as reported (https://apo-opa.info/3Nq2831) by Bloomberg. The plan has been developed by Africa123 (https://apo-opa.info/3NbnXlM)
''The Africa Foresight Fund is proud to be participating in a very exciting multigenerational Pan-African development vision. The company is pleased to have been able to assist in bringing together industry players - Africa123 and SMEC - for this exciting opportunity, with the ultimate goal of leading in green urbanism for African generations to come,'' says Jacques NdoutouMvé, co-founder and director of the Africa Foresight Fund (AFF). ''For investors, from institutional funds to family offices, the African continent is globally significant and will be a centre of gravity in the very near future''.
SMEC is a global infrastructure advisory firm that’s owned by a unit of Singapore’s Temasek, which holds a portfolio of roughly $300 billion.
The Africa Foresight Fund (AFF) is currently presenting investors with Milkwood City (https://apo-opa.info/3N57OOx)
AFF is a South African-based private equity fund company with a representative office in Toronto, Canada. Email jacquesn@africaforesight.fund