| Kenya is fast tracking the establishment of the National Sovereign Wealth Fund (NSWF) that will invest with revenues from the country’s natural resources, the presidency said in a statement on Friday.
It said the framework for the commodities based on the NSWF will be developed through the Sovereign Wealth Fund bill 2014. “Stakeholders are currently reviewing the NSWF Bill, which will soon be tabled in parliament,” the President’s Chief of Staff Joseph Kinyua said. The law will provide guidelines on how and under what conditions money will be withdrawn from the fund...............................................Full Article: Source
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