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

Fund set up for sharing wealth

Posted on 22 January 2013

The National Indigenisation and Economic Empowerment Fund has created a platform for equitable distribution of resources to all Zimbabweans, analysts have said. While the fund was established mainly to warehouse shares for future acquisitions by black Zimbabweans, its function has been expanded to achieve broad-based empowerment through the provision of some financing mechanisms to the economy.
The fund will, among other functions, be responsible for national projects such as financing infrastructure projects, budgetary support, provision of concessionary loans to industry and funding for the informal sector, as well as critical social programmes………………………………………..Full Article: Source


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