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

Does Kenya really need a sovereign wealth fund?

Posted on 06 December 2013

Among the distinct terms of reference for the Presidential Task Force on Parastatal Reform was to consider the institutional framework for setting up a Sovereign Wealth Fund for Kenya .
Sovereign Wealth Funds are vehicles established by governments to hold assets, reserves and generate profits for stated purposes. While these funds have been existence for a long time, the pace of their establishment and the assets they hold have risen significantly in the last ten years. For Kenya , establishment of a Sovereign Wealth Fund appears to be driven by the recent discoveries of petroleum and other mineral deposits……………………………………….Full Article: Source


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