Baku: The Azerbaijan State Oil Fund (SOFAZ) is currently directing approximately USD 400 million in investments towards Africa, mainly focusing on fixed-income instruments and International Finance Corporation (IFC) funds, as revealed by Bahruz Behramov, the Deputy CEO at SOFAZ, during the panel discussions at the Djibouti Forum 2025.

According to Azeri-Press News Agency, Behramov highlighted that SOFAZ’s initial venture into capital markets involved collaboration with the IFC, with investments targeting Africa and Latin America, particularly in the finance and communications sectors. Following their foray into alternative assets, including capital and real estate, SOFAZ has expanded its investment horizon to include regions such as the Middle East, China, and now Africa.

Behramov emphasized the current relevance of Africa as an investment opportunity, stating that it is no longer just a future potential but a present opportunity. He noted that as long-term investors, SOFAZ is well-positioned to provide stable and enduring capital to the region, marking a strategic decision to increase investments in Africa.

The Djibouti Forum 2025, organized by the Djibouti Sovereign Wealth Fund (Fonds Souverain de Djibouti), serves as a global platform aimed at accelerating investments in emerging markets. The forum highlights the potential and opportunities available in Djibouti and across the African continent.