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Kenyan Sovereign Wealth Fund
murchr
#1 Posted : Wednesday, June 20, 2018 5:32:10 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
What happened to this noble idea? We are already evacuating oil yet it was supposed to be up and running before the oil is out of the ground.

Daily Nation wrote:
Kenya is moving to set up a sovereign wealth fund to manage its mineral wealth even before a drop of oil or deposit of coal is mined. The move is well-meaning, but a bit on the optimistic side.

A draft law that will see 25 per cent of all mineral wealth consigned to a fund that will store the wealth for future generations is being cobbled together.


https://www.nation.co.ke...907656-agpdm6/index.html
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