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

Zimbabwe wealth fund to control foreign, white companies

Posted on 13 September 2011

Zimbabwe will establish a sovereign wealth fund that will own 51 percent of each foreign and white- owned company in the country, the Zimbabwe Standard reported without saying where it got the information.
The fund will be modeled on state-owned funds in Singapore, China and Abu Dhabi, the Harare-based newspaper said on its website. The fund will be controlled by the Indigenization and Black Empowerment Ministry, the Standard said……………………………………….Full Article: Source


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