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

Kenya: Wealth fund established before mineral exploration

Posted on 04 April 2014

The country has begun plans to set up a sovereign wealth fund ahead of the major commercial production and export of oil and other minerals. This development puts Kenya among other peers in Africa such as Botswana, Nigeria and Ghana, which all have sovereign wealth funds in line with their established mineral and oil commercial production.
“Kenya is however in a unique position owing to the fact that it is establishing its fund ahead of commercialization of the mineral commodities. “We are setting up a sovereign wealth fund prior to exploration of natural resources,” said Dr Mbui Wagacha, Chairperson, Board of Central Bank of Kenya………………………………….Full Article: Source


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