Sovereign Wealth Fund (SWF)
Mozambique's council of ministers recently approved creating the country's new sovereign wealth fund legislation. Why is this important: Most African countries are creating sovereign wealth funds to manage the monetisation of their natural resources. In Mozambique's case, the gas-rich discoveries of up to 150tr
Finance
Africa Sovereign Wealth Funds (SWF) have grown since the first one Botswana’s Pula Fund was established in 1994, with the total assets managed by African SWFs rising to US$ 97.9 billion. State governments continue to create these special-purpose investment funds using revenue from mineral resource exports, government finances
Sovereign Wealth Fund (SWF)
Mozambique is to join other African countries to create a sovereign wealth fund using revenues from its LNG exports. According to the country's finance minister, projections showed that at their peak in the 2040s, the state is expected to receive more than $6 billion a year from gas