US investors with more than $1 trillion of assets under management are in South Africa to look for investment opportunities.
The visit being facilitated by USAID and Prosper Africa, the US government’s initiative to increase trade and investment between African nations and America, started Tuesday and will coincide with US Secretary of State Antony Blinken’s trip.He will also visit the Democratic Republic of Congo and Rwanda.
“There’s not enough public resources in donor budgets and in local budgets, for example, in South Africa to solve the climate crisis,” Cameron Khosrowshahi, senior investment adviser for Prosper Africa, said in an interview Thursday. The delegation comprising of pension funds, financial institutions and asset managers including Bank of New York Mellon Corp., Kansas City Public School Retirement System and the NYC Board of Education Retirement System will meet with fund managers and discuss blended finance opportunities for South Africa’s transition to renewable energy and women’s economic empowerment, a statement from Prosper Africa and USAID said.
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