| Zimbabwe’s planned Sovereign Wealth Fund will help stimulate investment in strategic sectors of the economy, including funding the huge infrastructural backlog estimated by the African Development Bank as requiring about US$15 billion.
Last week, Government gazetted the Sovereign Wealth Fund of Zimbabwe Bill expected to be tabled in Parliament soon. Zimbabwe still has significant challenges with regards to industrial performance, agricultural productivity, sovereign debt clearance, balance of payments equilibrium, dilapidating infrastructure and limited fiscal space...............................................Full Article: Source
|