| Sovereign wealth funds are fast becoming the “must-have” for any natural resource-exporting country, and for any country hoping to commercialise reserves of oil, gas or minerals in the near future. East Africa has not been left behind, with Kenya, Uganda and Tanzania all considering the establishment of such funds.
But the question vexing analysts is whether these funds are suitable for the region’s economic, social and demographic profile, considering that the countries in which sovereign wealth funds have been successful have small populations, huge current account surpluses and very low public debt—none of which characterises East Africa...............................................Full Article: Source
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