| The government reaffirmed its commitment to establishing a natural gas Sovereign Wealth Fund (SWF) after charged debate over delays to table the natural gas act in parliament. Energy and Minerals Deputy Minister Stephen Masele told the National Assembly that the upshot for establishing the fund was to stabilize the country’s micro-economic growth, restore natural gas profits for current and future generations as well as diversify funds for other development projects.
The deputy minister said the fund which will be under the Central Bank would also actively control the country’s macro-economic growth. Masele who spoke in response to a question raised by Igalula MP Athuman Mfutakamba (CCM) said the government was to enact legislations to oversee the Fund.........................................Full Article: Source
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