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Sovereign Wealth Funds Briefing - Categorized | Investment

Sovereign wealth fund to re-invest state ‘profits’

Posted on 28 May 2012

Kenya will use profits from its state enterprises to set up its first sovereign wealth fund that will reinvest the money to advance the country’s commercial interests in foreign countries, senior government officials said on Thursday.
The planned measure is part of the ongoing reforms in the operations of the state corporations expected to be completed when the proposed law and regulations are approved by parliament………………………………………..Full Article: Source


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