| The Bank of Zambia has suggested that the proposed setting up of a sovereign wealth fund should be housed at the central bank. Finance Minister Alexander Chikwanda announced during the budget presentation that K100 million was allocated for the establishment of a sovereign wealth fund and suggested that the fund will be housed under the Industrial Development Corporation.
But Bank of Zambia Deputy Governor for Administration Dr Mabula Kankasa said it would be prudent if the fund was managed by the central bank. She was speaking on Wednesday when she led a team from the Bank of Zambia in making a presentation to the Expanded Estimates Committee on the 2015 national budget at Parliament buildings...............................................Full Article: Source
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