Environment
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 by Bloomberg. The plan has been developed by Africa123.
”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, just north of Cape Town, a major project in the Africa123 portfolio: ”A green city of the future in beautiful South Africa,” says NdoutouMvé. “The land opportunity underpins an incredible new urban centre.’’
AFF is a South African-based private equity fund company with a representative office in Toronto, Canada.
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Tags: Africa Foresight Fund Temasek Holdings Pte
