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

Zimbabwe plans ‘wealth fund’ to target mines shareholdings

Posted on 14 March 2011

From Tradeafricablog.com: 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.”………………………………………Full Article: Source


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