The Libyan Investment Authority is Africa's largest sovereign wealth fund, with assets under management of $68.35 billion, according to Business Day.

According to the report, assets managed by sovereign wealth funds around the world will reach $14.3 trillion by 2025, but African sovereign wealth funds account for just under 1% of that figure.

Libya topped the list of Africa's largest sovereign wealth funds based on assets under management as of December 2025. There are currently 13 national sovereign wealth funds in Africa, with total assets under management of $131.09 billion.

Libyan foreign investments

The Libyan Investment Authority was established in 2006 to manage the then-surplus oil revenues. It owns about 400 assets through five different sub-funds. These funds include the Libyan Foreign Investment Company, the Libyan Domestic Investment and Development Fund, the Libya Africa Investment Portfolio, the Long-Term Investment Portfolio, and the Oil Investment Company.

According to the institution's website, it invests about 30% of its assets in stocks listed on global exchanges. Another 30% is invested in money market instruments, while the remaining 40% is held as cash deposits with the Central Bank of Libya.

At the African level, despite being the newest sovereign wealth fund in Africa, the Ethiopian Sovereign Wealth Fund is the second largest sovereign wealth fund on the continent.

Established in 2022, the Ethiopian fund manages assets worth US$46.32 billion. According to its website, the fund invests in 40 assets located entirely in Ethiopia. Some of its assets include a 25% stake in the Ethiopian Stock Exchange, Ethiopian Airlines Group, Ethiopian Freight and Logistics, Ethiopian Toll Roads Authority, and Ethiopian Railways Corporation. It also has stakes in various sectors, including the Commercial Bank of Ethiopia, Ethiopia's largest bank, and Ethiopian Telecom.