Angola’s FSDEA and Gemcorp Launch $500 Million Fund to Scale Infrastructure Across Africa

LUANDA, ANGOLA — 2025-12-10 — Angola’s sovereign wealth fund has unveiled a joint investment platform with London-based Gemcorp Capital, establishing a 500 million dollar vehicle intended to accelerate infrastructure development across Africa, according to statements released on December 9.
Updated 17:20 UTC.

The initiative sets its sights on high-impact sectors including renewable energy, cross-border water networks, critical minerals, agricultural resilience, and industrial capacity. The investment structure will be registered in Abu Dhabi, a move that officials say is intended to draw additional financing from Gulf institutions expanding their African portfolios.

Under the arrangement, Angola’s sovereign fund will allocate an initial 50 million dollars with room to scale its commitment, while Gemcorp plans to inject a similar amount. The remainder is expected to be raised from international investors seeking exposure to Africa’s long-term growth sectors.

Gemcorp, which manages more than 6 billion dollars in emerging-market assets, has a track record of supporting large-scale infrastructure projects in markets such as Angola, Ghana, a and Ethiopia. The firm said the new platform is designed to mobilize private capital toward projects that can be replicated at scale across the continent.

Angola’s fund, which oversees about 4 billion dollars in assets, has spent recent years restructuring its governance systems and strengthening transparency. The partnership represents a strategic reset for the institution as it seeks to expand its regional influence through co-managed investment frameworks.

Analysts following Gulf–Africa financial relations say the Abu Dhabi domicile reflects a wider shift in which Middle Eastern sovereign funds and investment groups are deepening their exposure to African infrastructure, energy transition projects, ts, and agri-industrial supply chains.

Reactions

FSDEA Chairman Armando Manuel said the platform strengthens Angola’s ability to contribute to Africa’s industrialization agenda and helps channel Gulf capital toward long-term development goals. Gemcorp CEO Atanas Bostandjiev emphasized that the collaboration is designed to unlock large-scale private funding for essential infrastructure.

The African Development Bank, responding to news of the launch, reiterated that Africa faces an annual shortfall of roughly 100 billion dollars in infrastructure financing and welcomed efforts to expand private-sector participation.

Context & Significance

Angola’s sovereign wealth fund, established in 2012, is shifting toward regional investment strategies aligned with Agenda 2063. The Abu Dhabi structure positions the new vehicle near a growing base of Gulf investors that have stepped up financing for renewable energy, logistics corridors, and food security projects across Africa.

The fund’s mandate aligns with AfCFTA objectives, particularly in the development of energy, transport, and industrial infrastructure that connects multiple African regions. For Angola, diversifying sovereign investment tools supports ongoing economic reforms and efforts to reduce overreliance on hydrocarbons.

What’s Next

The investment platform is expected to become operational in early 2026, with preliminary assessments underway for projects in energy transition infrastructure and agricultural processing zones. Both parties said governance systems and due diligence processes are nearing completion, and initial project commitments are likely to be announced in the first half of 202