Sovereign wealth fund

By IAfrica
In Article
Apr 14th, 2014
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Chapter 8 In the Zimbabwe we want, a Sovereign Wealth Fund must be managed as the country’s endowment to future generations. It is not a fund to be plundered by government and used to meet current needs, but a savings account that must accumulate over time and be used to meet future developmental nee...
By IndepthAfrica
In Article
Oct 17th, 2013
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Of all the constraints on new government, it is the market that proves most confining-and this in a way is the genius of unfettered capitalism: it is self-enforcing. Once countries have opened themselves up to the global markets’ temperamental moods, any departure from free market doctrine is instant...
By IndepthAfrica
In Article
Mar 7th, 2013
1 Comment
19 Views
By Yushau A. Shuaib I still wonder how the Coordinating Minister for the Economy and the Honourable Minister of Finance, Dr. Ngozi Okonjo Iweala is in the eye of the storm. Her grandiose title is not a mere tautology as some people will assume. Being the first holder of that title in Nigeria’s histor...
By IndepthAfrica
In Article
Oct 23rd, 2012
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29 Views
By Ayodeji Sunday  My attention was drawn to an article (Ngozi Iweala: Nigeria’s Weakest Link) by one Sonala Olumhense. After reading the piece, I concluded that only someone who has absolutely no regard for conscience and truth could have attempted to create such large-scale deception as is being pe...
By benim
In News
Jun 9th, 2011
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16 Views
The naming of Nigeria’s new cabinet could take several more weeks because the Senate has gone on recess, undermining President Goodluck Jonathan’s hopes of having a new administration in place quickly. Jonathan’s ministerial choices are being closely watched by both Nigerians and fo...
By benim
In News
May 28th, 2011
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15 Views
LAGOS, Nigeria — Nigeria’s president has signed a new budget two days before the start of a new term at the helms of Africa’s most populous country. Nigerian state TV showed President Goodluck Jonathan signing the $29.2 billion budget Friday evening at the State House in the capital city of Abuja. La...
By benim
In News
May 18th, 2011
3 Comments
22 Views
Nigeria’s House of Representatives passed a bill to create a sovereign wealth fund on Tuesday, paving the way for Africa’s biggest oil exporter to improve its management of often-squandered crude oil earnings. The bill now needs to be signed by President Goodluck Jonathan to be enacted, a...
By benim
In Morocco
Dec 1st, 2010
0 Comments
13 Views
Three Gulf Arab sovereign wealth funds and UAE-based property developer Al Maabar have raised 15 billion dirhams for a tourism fund that aims to put Morrocco among the world’s top 20 destinations. Omar Bennani, who heads state-controlled Moroccan Touristic Engineering Company (SMIT), said the f...