The Africans for Africa Initiative, is pleased to announce the appointment of New Frontier Developments Limited to serve as the Fund Manager for the AforA Fund.
This strategic partnership, formalized through a Memorandum of Understanding (MOU) signed on April 29, 2025, marks a critical step in AforA’s mission to unlock Africa’s vast economic potential by harnessing its abundant natural resources for sustainable development and growth.
“The Africans for Africa Initiative (AforA) embodies a bold and transformative vision, a historic awakening and rallying call for Africans and people of African descent worldwide to rise, unite, and claim ownership of Africa’s wealth and future. The Africa Minerals Strategy Group (AMSG) and all our member states fully endorse and support this groundbreaking movement.”
“This partnership between AforA and New Frontier Developments (NFD) marks a defining milestone in advancing our shared development agenda, driving sustainable growth, African ownership, and shared prosperity across the continent. Through AforA, we are not merely investing in minerals, we are investing in Africa’s destiny, building a thriving, self-reliant continent powered by African leadership, African capital, and African innovation. This is the dawn of a new era, one where Africa no longer waits for opportunity but boldly shapes its own future.” – H.E Moses Micheal Engadu, AMSG Secretary-General
NFD, a proprietary investment company with a strong track record of identifying investment opportunities and providing capital and management resources, will play a crucial role in managing the AforA Fund. NFD via its Asset and Funds Management company Allied Trust Asset Management Limited (ATAM) will be responsible for the fund’s administration and operations, deal execution, risk management, and compliance and governance.
This partnership between AforA and NFD demonstrates a shared commitment to empowering African nations and their citizens by fostering greater participation in the continent’s natural resources sector.
New Frontier Developments Limited is a proprietary investment company that identifies investment opportunities and provides capital, management, and other resources to drive ventures to success.
For more information about New Frontier, visit New Frontier.
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