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

Kenya: Experts advise country to set up oil fund

Posted on 29 March 2012

As Kenyans continue to savour news of the country potentially joining the ranks of oil producers, the government is being urged to establish a fund into which surplus income from the petroleum industry will be deposited.
Oil industry expert Patrick Obath said on Tuesday that Kenya should borrow a leaf from Norway which has about $600 billion in its sovereign wealth-fund which has been used to turn around the fortunes of that country………………………………………..Full Article: Source

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