Silk Invest creates African investment fund for African football players

Silk Invest, a UK company that manages private investments in developing countries, and the Ivorian player Kolo Toure (Manchester City), have joined together to create a fund that invests in Africa on behalf of African footballers, they announced on 11/06/2014. This investment fund, based in Luxembourg, "allows African players to have a long-term return on investment while supporting economic activity on the African continent" said Malik Badjie, the director of investment solutions at Silk Invest and the leader of this project, speaking to News Tank on 17/06/2014.

"This investment fund is a first in the world of football. With Kolo Toure, we wish to develop diversified and sustainable investment centred on Africa. These investments will be mainly in bond, equity and property markets," said Badjie. Egypt, Morocco, Senegal, Kenya and Nigeria were listed among the countries of interest to the investment fund.

"Our goal is to have a 12 to 15% annual return on investment," he said.

Badjie said he did not exclude the possibility of Silk Invest extending this initiative to Asian markets…