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Sovereign Wealth Funds Briefing - Categorized | Market

African countries urged to tap into USD5trillion wealth assets

Posted on 04 May 2012

African countries have been urged to tap into the US$5 trillion sovereign wealth assets belonging to oil-exporting developing countries and China, according to participants at the just-ended UNCTAD XIII meeting in the Arab Gulf State of Doha.
“Of the US$5 trillion, only about US$110 million goes into Foreign Direct Investments; these vast quantities of funds present an opportunity for Africa to accelerate development, strengthen economies, create jobs and improve the lives of our people,” the private Guardian newspaper Thursday quoted the participants as saying………………………………………..Full Article: Source

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