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

Zimbabwe’s planned ‘wealth fund’ to target mines

Posted on 11 March 2011

From CNN: Zimbabwean officials have said the government will create a fund that will take control of 51% of the country’s mines to finance development. “We have been careful to implement this … We need the 51% (equity) to come into our sovereign wealth fund,” said Saviour Kasukuwere, the minister of youth and empowerment. “We all agreed as a government.”
New guidelines on the mine policy, which will affect foreign-owned businesses, will be published Friday, the minister said……………………………………….Full Article: Source


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