Fri, Sep 19, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Zimbabwe seeks fund to manage weath from diamonds

Posted on 02 March 2012

Zimbabwe needs to set up a sovereign wealth fund for revenue from its Marange diamond fields, Finance Minister Tendai Biti said.
There is a “clear gap” between gems being sold in Zimbabwe and the amount of money reaching government, Biti told a conference in Johannesburg today. He said it wasn’t “proper” for Zimbabwe’s state-owned mining company, the Zimbabwe Mining Development Corp., to manage the southern African nation’s diamond production………………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14769 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930