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Sovereign Wealth Funds Briefing - Categorized | Performance

Zimbabwe Empowerment Fund grows to $4.9bln

Posted on 08 January 2013

The Government of Zimbabwe says the Sovereign Wealth Fund (SWF) has grown to a financial capacity of over $4 billion. The fund is expected to be used to ensure that the majority can effectively participate in the mainstream economy.
It was created after foreign owned mining companies ceded shareholding to the indigenous people under the 51-49% ratio as stipulated by the Indigenisation and Economic Empowerment Act 2007………………………………………..Full Article: Source


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