01.03.2013 - Africa will soon be the hlobal leader in SWFs
In the coming decade, Africa will become the largest sponsor of sovereign wealth funds (SWFs) on the planet.You probably find it a bit odd that the poorest continent in the world would have the highest number of sovereign wealth funds. But this popularity specifically reflects the struggles that African countries have had with their resource revenue management and, moreover, their desire to break free of the resource curse and grow. Indeed, the countries above have made the decision to create these special purpose investment vehicles to help them more professionally manage their sovereign assets, and, personally, I think they're absolutely right to do so. A sovereign wealth fund is an important part of a broad institutional toolkit for resource revenue management...............................................Full Article: Source
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