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Kolo Touré teams up with Silk for Africa footballers fund launch
by Dylan Lobo on Jun 11, 2014 at 14:23
Silk Invest has collaborated with footballer Kole Touré for the launch of an African footballers fund.
Liverpool star Toure - who is scheduled to turn out for the Ivory Coast at the World Cup - has worked closely with Silk to create the African Opportunities for Footballers fund, designed to provide African footballers a wealth management solution.
The Luxembourg-domiciled fund will primarily invest in African markets, with investment decisions spearheaded by Silk chief executive and chief investment officer Zin Bekkali and head of investment solutions Malick Badjie. The investment team includes 11 different African nationalities spread across the region.
The rise in African football stars and their desire to give something back to the continent is the major motive behind the fund launch.
'My personal ambition has always been to contribute to the African continent in a positive manner. At the same time, it is important have sufficient assets to secure my future financial well being,' Touré (pictured) said in a statement.
'I am very excited about this new fund and believe that we have achieved a major milestone. The new fund helps Africa’s top football players like me to meet their financial needs and support Africa’s capital markets'.
Bekkali added: 'Africa is at the heart of investment thesis and we believe that African footballers have a big role to play in further developing the continent.
'At the same time, we are very honoured that we can play a role in helping these African professional to better meet their future financial needs.'
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