FSDEA calls for stronger productive investment and industrialisation at Cambridge Africa Together Conference 2026
Date: 2026-06-02
By: Kanto Kai Okanta
The
Angola Sovereign Wealth Fund (FSDEA) has called for a stronger focus on
channeling financial resources into productive capacity and industrial
development across Africa, rather than concentrating solely on debt reduction
strategies.
The
remarks were made during the Cambridge Africa Together Conference 2026,
organised by the African Society of Cambridge University, where African
leaders, policymakers and international experts gathered to discuss industrial
transformation, strategic investment and sustainable development on the
continent.
FSDEA
Chairman Armando Manuel participated in discussions alongside President Julius
Maada Bio of Sierra Leone and AUDA-NEPAD Chief Executive Officer Nardos
Bekele-Thomas, among other high-level participants.
Manuel
emphasized that Africa’s key challenge lies in ensuring that available
financial resources are directed toward investments that drive
industrialisation and generate sustainable long-term growth.
He
highlighted the importance of mobilising long-term capital to support strategic
infrastructure development and accelerate the continent’s economic
transformation agenda.
The
FSDEA Chairman also pointed to the Fund’s expanding pan-African investment
footprint, noting its commitment to contributing to development across the
continent.
As
an example, he referenced FSDEA’s investment in FG Gold for the development of
the Baomahun Gold Project in Sierra Leone, marking the Fund’s first investment
in the country and reinforcing its broader regional investment strategy.
The
conference brought together African leaders and global experts to explore
pathways for strengthening economic resilience, enhancing investment flows, and
advancing Africa’s industrialisation agenda.
