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Zimbabwe: Sovereign wealth fund plans hailed

Posted on 03 October 2013

Analysts have hailed Government’s plans to set up a Sovereign Wealth Fund that is aimed at raising capital from internal resources to support wealth creating sectors to ensure sustainable economic growth. Confederation of Zimbabwe Industries past president Mr Kumbirai Katsande yesterday said he hoped the establishment would happen soon as the idea had been on the cards for some time.
“I am hopeful that this comes to fruition at the earliest possible time as it is a noble idea that could be used as a tool to get the ailing wealth creating sectors such as manufacturing and agriculture back on track,” he said………………………………………..Full Article: Source


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