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Welcome, Kenya, To The SWF Club

Kenya’s Cabinet will have a new draft law in front of them that will outline the creation of a new sovereign wealth fund within two months. Welcome, Kenya, to the SWF club...

It looks as though Kenya will in fact be joining the SWF club in the near future. According to Kenya’s Minister of State for the Civil Service Dalmas Otieno:

"It is our intention that profits accrued from these state corporations are managed under the sovereign wealth fund...This way, we shall be able to transform state-owned enterprises into regional commercial players as some other countries have done."

Kenya’s Cabinet will have a new draft law in front of them that will outline the creation of the new sovereign wealth fund within two months. Welcome, Kenya, to the SWF club. 

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