IFSC attracts three new funds

The sizeable funds, two of which are property focused and a resource sector fund, have been given conditional approval to commence operations by the IFSC Certification Board.
Chief Executive Officer (CEO) of the IFSC Alan Boshwaen said in an interview with Business Week that buoyed by unprecedented interest in investing in Africa, all three funds expect to be fully subscribed in the next three years.

The funds, namely Investec Inc. Property Fund, Africa Real Estate Fund and Africa Botswana Mining Fund, will be administered in the country but be regional in nature; they will be promoted by large, regional or international institutions.