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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Zimbabwe: Govt divided over SWF

Posted on 12 December 2011

A tug of war has erupted in the porous inclusive government with ministers pulling in different directions over the management of a proposed Sovereign Wealth Fund (SWF). The divisions were exposed by Deputy Prime Minister Arthur Mutambara in his address to a Mining Sector Stakeholders Briefing held in Harare last week.
Currently, Youth Development, Indigenisation and Empowerment Minister, Saviour Kasukuwere has been at the forefront of establishing a US$5 billion SWF to warehouse shares in various entities acquired by government under the country’s hostile empowerment law. Kasukuwere had hoped to house the SWF under his ministry………………………………………..Full Article: Source


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