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

African countries come to the sovereign wealth fund party

Posted on 05 December 2012

Many of the countries with the largest oil reserves also boast the largest sovereign wealth funds (SWFs). And yet African producers, like newcomer Ghana, Angola, and Nigeria which has been pumping oil since the 1950s, haven’t saved much of their oil revenue.
Now, in an effort to replicate the long-term growth of funds like Norway’s $600 billion Government Pension Fund accrued from North Sea riches, and the Abu Dhabi Investment Authority with assets somewhere around $900 billion, all of these African countries are in the process of launching their own SWFs………………………………………Full Article: Source


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