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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Africa: AU wants wealth funds to finance investment

Posted on 28 January 2013

The African Union (AU) has appealed to its member states with sovereign wealth funds in the Euro zone and the US to repatriate the funds to finance multi-billion-dollar investment plans aimed at fast-tracking trade and economic growth on the continent.
AU Commission Deputy Chairperson Erastus Mwencha said while current peacekeeping, infrastructure and education expansion programmes were financed by foreign aid, the AU was seeking more innovative ways to enable the African private sector to take ownership of most of the projects………………………………………..Full Article: Source


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