Abu Dhabi asset manager targets Africa

The fund manager spun out of Abu Dhabi’s sovereign wealth fund is launching an African equities fund together with Moroccan bank Attijariwafa

The fund manager spun out of Abu Dhabi’s sovereign wealth fund is launching an African equities fund together with Moroccan bank Attijariwafa, seeking to take advantage of Africa’s "economic emergence".

Abu Dhabi-based Invest AD has signed a memorandum of understanding with Attijariwafa that will see the two launch an equity fund and help each other source new business.

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