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

Nigeria: 1 South Africa: 0

Posted on 28 May 2013

A principal African country is to begin investing its new sovereign wealth fund (SWF) next month, but another of the continent’s major economies cannot find the spare cash to start one. After much debate and discussion, the Nigerian SWF is to take shape next month, government officials have said.
After months of “will-they, won’t-they?” posturing, the Nigeria Sovereign Investment Authority, the body to manage the fund, has announced plans to kick off its activities, the country’s Guardian newspaper reported……………………………………..Full Article: Source


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