24.10.2014 - Tanzania: Special fund to cater for natural resource earnings
The government is planning to establish an investment fund, Sovereign Wealth Fund (SWF), to serve as a catalyst for national development by diversifying the economy through the use of revenues from such natural resources as oil and gas. Deputy Energy and Minerals Minister Stephen Masele said in Dar es Salaam on Wednesday that the ministry would introduce a motion on SWF Act in the upcoming National Assembly session in November. “The fund will be used to control expenditure of the revenues collected from natural resources, including oil and gas,” said Mr Masele during a Tanzania Oil and Gas Conference and Exhibitions (TOGaCE)...............................................Full Article: Source
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